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Venus Protocol reduced bad debt by nearly 84% from June 2024 ($10.2K) to Aug 2024 ($1.3K). In the last 48 hours, the protocol has not seen an increase in shortfall, highlighting its security and efficiency in mitigating shortfall events. #VenusProtocol #DeFi #XVS #Security
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Amidst high volatility in the current market, Venus is performing exactly as intended, and has remained unaffected by the extreme fluctuations. Remember - Venus is the only protocol with Resilient Oracles technology and more code audits than any other in DeFi. Thank you to our community for your continued trust and support. Together, we continue to build a robust and resilient platform for all.
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🧵Weekly Governance Update at Venus Protocol 🧵 Venus Protocol is run by a decentralized autonomous organization (DAO) where community members propose and vote on changes to the platform. Here’s a look at the latest governance decisions and proposals:
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We are happy to announce a new integration brought by the @VanguardVantage Team between @GombleGames and Venus Protocol! @GombleGames, a leading Telegram-based game on the BNB Network with over 400K community members, will now integrate our native token, $XVS, as an in-game currency for Egg Drop. This is a significant step forward in the adoption of DeFi within gaming. 👾
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⚡ Venus is thrilled to announce the addition of @RenzoProtocol to our ecosystem with the launch of the $ezETH market! Our community is eagerly anticipating the benefits this new integration will bring.
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