BNB
by BSCN
November 23, 2022
The Venus Protocol V4 upgrades are comprehensive, including UI, tokenomics, new LPs and DEX integration with PancakeSwap.
Venus Protocol has officially unveiled its major V4 upgrade plan to its community, proposing significant enhancements including risk management, liquidity pools, a new Decentralized Exchange (DEX) integration, stablecoin stability, stable rates and tokenomics.
The team posted a Venus Request for Comment on Nov. 22 seeking community approval for the V4 upgrades.
“We’re pleased to present Venus V4, the next generation of features to advance Decentralized Finance (DeFi). In particular, Venus V4 improvements address three key areas: risk management, decentralization, and user experience,” according to the post.
The post contains details about the array of changes to multiple aspects of the top BNB Chain lending and borrowing protocol.
Features highlighted in the post, as well as information that Venus shared with BSC News, include:
“We believe that the proposed changes move Venus forward in the right direction. Changes will increase scalability, provide stable rates for users, improve Governance processes and Oracle resilience, create a simplified user experience that drives fees to Venus, and improve our risk management processes,” according to the Venus Request for Comment.
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:
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