Greater Security, User Adoption

Venus Protocol is set to roll out new upgrades that are expected to dramatically increase the number of tokens and users on the BNB Chain lending protocol.

Here’s what to expect from the V4 upgrade:

• Risk Management: The project’s partnership with Gauntlet Network is intended to better manage and communicate the risks users are exposed to on the platform.
• New Liquidity/Risk Pools: The launch of Isolated Lending Markets should introduce a large pool of new tokens to the platform, decreasing risks to the entire lending pool in case a single token or pool of tokens fails.

Patrick Rooney, Venus’ Product Marketing Manager, told BSC News:

“Isolated Markets opens Venus up to support most all liquid tokens that are available on BNB Chain. We'll have a much, much larger pool of crypto users on our platform. Currently, we only support some of the biggest large cap crypto tokens and before long we'll have dozens of more tokens on Venus.”

• DEX Integration: The integration of a DEX means users will no longer need to leave the protocol and use standalone DEXes to swap tokens.
• Stability Fee: A stability fee is intended to re-peg decentralized stablecoin VAI, which de-pegged in fall 2021.
• Tokenomics 3.0: The launch of Tokenomics 3.0 is centered around four key principles: rewarding and incentivizing protocol retention, reinvestment of value, creation of flywheels, and embedding greater shortfall defense.

Rooney said the introduction of new tokens via Isolated markets should also help support the value of $XVS:

“In addition, these new tokens will expand the focus of token usage on Venus. We'll have tokens from DeFi focused projects like TrustWallet (TWT), GameFi tokens from projects like Radio Caca (RACA), Liquid Staking tokens like Ankr (ANKR), and Tron tokens like BTT. All of these new users will certainly raise interest in our governance token, XVS.”

What Is Venus Protocol:

Venus Protocol is a decentralized marketplace for lenders and borrowers with borderless stablecoin. Venus is one of the largest algorithmic money market and synthetic stablecoin protocols on BNB Chain. The Binance-backed protocol became famous around DeFi following their hint of a massive incoming burn by founder Joselito and its Venus Reward Token VRT rewards for XVS token holders.

To learn more about Venus Protocol, see the following resources:

Website | Twitter | Telegram | Medium