🧵Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is 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:

Over the last 90 days, XVS has seen a 5% increase in token holders, the highest among major DeFi protocols. Our total number of holders has now reached 77,467.

Data from @tokenterminal

#VenusProtocol #DeFi #XVS

🧵 In V4, Venus Protocol started using #ResilientOracle, a more robust system that can pull data from multiple sources for cross-validation with Venus V4 ⚡️

Let's take a look at the details of what Resilient Oracle is and how it is used.

Read below 👇

🧵 Weekly Governance Update at Venus Protocol 🧵
Venus Protocol is 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:

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

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.

🧵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:

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. 👾

⚡ 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.

Venus Protocol has reached a new milestone with 7.3M XVS staked on the BNB Chain, up from 6.7M XVS in January. This marks the highest XVS staked ever, with an average weekly growth of 20,178 XVS.

Data from @DuneAnalytics

#VenusProtocol #DeFi #BNBChain #XVS #Staking

🧵Introducing: Weekly Governance Update at Venus Protocol 🧵

Venus Protocol is being run 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:

A new Governance proposal to add support for Renzo's
$ezETH market in the Liquid Staked ETH pool on Venus Mainnet has been published.

🗳️ https://app.venus.io/#/governance/proposal/345?chainId=56

@RenzoProtocol

Venus Protocol has reached more than 711,000 cumulative transactions in 2024. This marks a 90% increase compared to 374,000 transactions over the same period in 2023.

Data from @DuneAnalytics:

ℹ️ https://dune.com/xvslove_team/venus-protocol-dashboard

#VenusProtocol #DeFi #Crypto #Staking

Our @EthCC side event Restake’n’Bowl in Brussels this year was a blast! 🎳

We gathered over 250 brilliant minds in DeFi to come have fun with us in a bowling competition on a rooftop!

Big thanks to our partners for the event @ether_fi & @redstone_defi 🔥

In the last three months, Venus Protocol has seen an increase in net XVS staked on ETH Mainnet by an average of 22,641 XVS per week. The current total staked is 664,034 XVS.

Data from @DuneAnalytics:
ℹ️ https://dune.com/xvslove_team/venus-protocol-dashboard

#VenusProtocol #DeFi #Crypto #Staking

Venus Protocol leads the DeFi lending market with 2379 code commits for 2024, representing 32% of total participation.

Data from @tokenterminal

#VenusProtocol #DeFi #cryptocurrency #HODL

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.

#VenusProtocol #DeFi #Crypto

ℹ️ New Market Alert

The #sfrxETH token from @fraxfinance is now officially supported on Venus Ethereum Mainnet liquid staked ETH pool.

👉 https://app.venus.io/#/staked-eth-pool?chainId=1

🚨 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.

A new Governance proposal to add support for
@fraxfinance #sfrxETH market in the Liquid Staked ETH pool on Venus Mainnet has been published.

🗳️ https://app.venus.io/#/governance/proposal/329?chainId=56