Gm, this is your friendly reminder Venus is live on @base.

🌐 https://app.venus.io/#/?chainId=8453

🧵 Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here’s a look at the latest governance decisions and proposals:

Following the successful implementation of VIP-408, users are now able to access Venus Protocol on @base, making Venus available now on 7 networks.

Read full announcement below:

A new report on Venus Protocol was just published by @MessariCrypto, covering Q3 2024. Here are the highlights:

• Bad debt was reduced by 83.5% to $879
• TVL steady at $2.19B (6th leader among lending protocols)
• XVS Staking increased by 4.29% to 7.32M

Click the link to read the full report:

The snapshot for @SkyEcosystem 's proposal to add $sUSDS & $USDS to the Venus Ethereum Core Pool is live!

We invite all $XVS holders to vote.

Venus Protocol is officially expanding to @base, marking another milestone in the protocol's multi-chain strategy. VIP-408, which proposed deployment on @base, just passed the governance vote and users will be able to access Venus on Base on December 19th, 2024.

New forum proposal: @SkyEcosystem is proposing to add sUSDS (Savings USDS) to Venus Core Pool on @ethereum.

The community is invited to discuss the proposal on this market on the Venus forum: https://community.venus.io/t/susds-saving-usds-as-collateral-on-venus-protocol-ethereum-core-pool/4776

Venus has seen an average daily user growth of 12% over the last 90 days, with 12,761 total active users during this period.

Data from @DuneAnalytics

#DeFi #Lending #Web3

🧵Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here’s a look at the latest governance decisions and proposals:

With the upcoming deployment on @Base, a new snapshot proposal was published to add @LidoFinance wstETH to Venus Core Pool

The Venus community is invited to vote here: https://snapshot.box/#/s:venus-xvs.eth/proposal/0x3f39a2b42358f0715ce06bf3ddc837c3312db437827ba74d0985f72fb63735a8

With the recent addition of LBTC to Venus Core Pool, @Lombard_Finance and @ether_fi is joining Venus in an AMA to teach the community more about LBTC and its use cases in the broader DeFi ecosystem.

Tune in today at 10AM EST / 4PM CET: https://x.com/i/spaces/1DXxydppPmbJM/peek

🧵 Venus Protocol now supports @SpaceIDprotocol domain resolution, enabling users to interact with human-readable domain names across @BNBChain, @Ethereum, and @Arbitrum One networks

🧵 LBTC ( @Lombard_Finance Bitcoin) is now live in Venus Core Pool. LBTC is a Bitcoin LST on @Ethereum that enables BTC holders to participate in DeFi while maintaining exposure to Bitcoin.

To access the market, go to http://app.venus.io

Venus has had a 6-month average revenue efficiency of 36% and 160% higher than two of the top five lending protocols by TVL.

This metric is calculated by dividing protocol revenue by TVL, indicating revenue generated for every $1 of TVL.

Data from @Tokenterminal

#Venus #DeFi #Lending

A new proposal was posted on the Venus community forum by @GMX_IO

This proposal aims to add gmETH - an ETH/USDC LP token of GMX V2 - to Venus Core Pool on @arbitrum

Venus users and community members are welcome to join the discussion around this proposal:

Join Venus, @lista_dao, @Tranchess, @BNBCHAIN and @AstherusHub in this X space with @BNBxyz

Tune in now to listen:

🧵Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here’s a look at the latest governance decisions and proposals:

Following VIP-400, @Arbitrum users are now able to claim their Prime Status on Venus. Visit the vault section of your account on https://t.co/DSjSRnTB8Y to see if you are eligible.

If you are new to Venus Prime, you can read more about the program in the official documentation:

Venus has achieved a 30% growth in monthly active users over the past 90 days, increasing from 9.9K to 13K.

Data from @tokenterminal

#Defi #Lending #MAU

🧵Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here’s a look at the latest governance decisions and proposals: