Venus Protocol leads in Reserves & Fees/TVL efficiency for 2024 with a ratio of 0.0081, making it 5.4x and 2.6x more efficient than AAVE at 0.0015 and Compound at 0.0031.
This metric indicates how effectively a protocol captures reserves and fees relative to its TVL.
🚨 Scam Alert: Protect Yourself from Phishing Emails
Dear Venus Community,
It has come to our attention that some users are receiving scam emails falsely claiming to be from Venus. These emails may look legitimate but are designed to deceive and potentially steal your personal information.
Important Reminders:
1. Venus does not send promotional emails or collect user email addresses. Any email you receive claiming to be from Venus is fraudulent. 2. Do not click on any links or provide any personal information in response to these emails. 3. If you receive such an email, report it to your email service provider as phishing and delete it immediately.
Venus Protocol reports a record-breaking six months, with over $14M in protocol reserves and $5M in liquidation fees, totaling nearly $20M for this year.
Over the last two weeks, Venus Protocol has seen an increase of 90K XVS in the net XVS staked amount across BNB Chain and ETH Mainnet, now totaling 7.44M XVS.
Data From: ℹ️ https://dune.com/xvslove_team/venus-protocol-dashboard
Get ready for an exciting AMA with @redstone_defi! We'll Explore Price Oracles, our #Arbitrum deployment and share some hints about the upcoming points campaign & more for $XVS holders. Don’t miss it out. 🪂
🗓️ Date: June 3, 2024 ⏰ Time: 20:00 CET / 18:00 UTC 📍 https://t.co/qXVz499ibZ