PancakeSwap(CAKE), Venus(XVS) will be listed on the KRW/BTC market
10 Jun 2021 | 02:25 am
PancakeSwap (CAKE) and Venus (XVS) will be listed on the KRW/BTC market on Bithumb today. The listing will be available on PC Web, Mobile, API and PC Web. The KRW-BTC market trading history will be provided on a separate date.
Recovery Proposal for the Venus Community
08 Jun 2021 | 11:27 am
Venus has proposed to release XVS tokens from the Treasury to cover the shortfall in two addresses that were bankrupted due to market volatility and poor risk management. XVS will be injected into the "supplied" balances of these addresses for them to be liquidated and repay the "borrowed" balances. All existing income in the Venus fee treasury will also be allocated in the same way to cover any remaining shortfall.
VIP-29 Update DOT Interest Rate Model
04 Jun 2021 | 23:37 pm
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens. Polkadot’s native DOT token serves three clear purposes: providing network governance and operations, and creating parachains (parallel chains) by bonding.
Venus Emerges from a Sea of Crypto Ecosystems
02 Jun 2021 | 11:45 am
Venus is the first collateral loan platform provided on the Binance Smart Chain. Users can borrow and supply collateral onto the platform without central authority or control. With 70,000 users already signed on to the platform, Venus released a roadmap detailing its upcoming developments to the forum.
Venus Protocol — Incident Post Mortem
31 May 2021 | 00:29 am
Venus has released a post mortem on the liquidation of $77 million from the Venus protocol last week. Liquidators made approximately $20 million profit; sellers made $55 million profit and Scalpers made $2 million profit. In contrast, the 0xef044206db68e40520 bfa82d45419d498b4bc7bf account lost approximately $66 million in net loss.
Venus.IO Disclosure — An Inside Job
27 May 2021 | 18:46 pm
Venus/Swipe is directly linked to the Cannon Ignition Sale incident and the blockchain wallet responsible for causing the recent XVS account liquidations. The Venus team forced liquidation of over 2m XVS due to maximum borrowing following the apparent price manipulation of XVS token on Binance exchange. As a result of this the protocol currently has a shortfall in liquidity in excess of 100m USD.
PancakeSwap Welcomes Back Venus Protocol to Syrup Pool!
27 May 2021 | 17:16 pm
Venus Reward Token Syrup Pool is an additional mining distribution to suppliers and borrowers of Venus Protocol, a decentralized and algorithmic money market protocol on Binance Smart Chain. Stake CAKE tokens to earn VRT tokens! Total tokens: 70,000,000 VRT distribution duration: 60 days.
Venus Protocol — Update 5/27
27 May 2021 | 03:29 am
Venus has secured counter-parties for the system shortfall in full. The Venus Grants Program (VGP) upgrade has already successfully passed on on-chain tests. The VGP upgrade is the same as Compound which enables the Venus Governance module to control a nearly billion dollar treasury of XVS.
Proposed Risk Enhancements on Venus Protocol
21 May 2021 | 14:43 pm
Venus Protocol experienced a liquidation of over $200 million triggered by a price spike. The price spike was rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. Venus is working on releasing a grant program with a pool of XVS funds for system shortfalls.
Venus 事件报告- XVS清算
19 May 2021 | 08:42 am
今天早晨（新加坡时间），由于大量的市场订单和对我们新奖励代币VRT的期待，XVS的价格出现了大幅上涨。在供应量有限的情况下，这些大量订单导致市场价格出现了巨大波动。由于价格上涨，交易商抵押并反复借出了更多抵押品以继续购买XVS。根据协议的报告，这些交易的利润率非常高。随后，部分交易商从价格上涨中锁定了利润，导致价格出现下跌。这是一个多米诺骨牌效应，由于XVS大量被卖出使得价格急剧降低，导致XVS市场中有大量的市场清算发生。 Venus协议中的清算机制和用户杠杆“做多”方式有点类似。用户可以使用抵押品借入更多抵押品以增加头寸，并重新利用和调整头寸。协议中的清算人会寻找出头寸超出其保证金的帐户，在本事件中，他们将借入限额清算至多50％的头寸并收取10％的费用。然后，这些清算人将出售其所扣押的抵押物，在本事件中为XVS，以取回其用于进行清算的资本。唯一的问题在于，这10％会随着市场波动而波动，导致更大的滑点，从而再次降低被扣押资产的价格。这将导致连续的清算问题。随着更多的清算发生，价格下跌，事件进入了负面循环，直到清算完成。 这就是本次在Venus协议的XVS市场中所发生的一切。这是一个坏消息，但也有好消息是没有资金损失。尽管由于价格的快速下跌，余额出现了亏空，清算人充分利用了这种情况，但Venus将部署grant计划，利用XVS来弥补系统的不足。它们不会被出售到市场上，而是在Venus团队的监督下负责任地发挥杠杆调节作用，或者给签署长期持有协议的合作伙伴进行场外交易。 为确保此类事件不再发生，我们将重新查看在Venus上所支持的每种资产，并且安全地降低各抵押系数。我们也将与我们的Oracle一起寻找更好的价格更新方法，最后评估资产的供应上限，以确保在一定阈值下无法再加杠杆。本次事件中，Venus协议正常地按预期那样工作，但清算人没能及时地完成清算，而后导致了清算市场连续的抛售。未来，我们还将创建一个用户界面，以便更多成员可以参与清算工作，共同分担清算的工作量。 感谢您一直以来对Venus团队的支持！ Venus 团队
Venus Incident Report — XVS Liquidations
19 May 2021 | 05:47 am
A price spike in the XVS market caused by large market orders and expectation on the new VRT caused a domino effect that caused a large string of market liquidations in the market. Liquidators did not keep up with the liquidations, and then those that did, caused a cascading of liquidation market sells. No funds were lost.
Venus Upgrades its Oracle Mechanism to Chainlink Across All Lending Markets
12 May 2021 | 11:46 am
Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), has fully upgraded to Chainlink as its oracle solution. Venus uses Chainlink to price collateral during both loan issuance and liquidation processes, ensuring Venus is always fully collateralized and referencing fair market prices. Chainlink is already running directly on BSC, making the integration quick and straightforward.
Venus Deploys VIP-23 Proposal
07 May 2021 | 13:05 pm
Venus has deployed the VIP-23 proposal to allow a full upgrade to Chainlink as its oracle solution. Venus requires price data to determine the value of the underlying collateral lent and borrowed by users. Chainlink is already running directly on BSC and provides price feed oracles that secure over $10 billion in on-chain value for top DeFi applications.
Swipe & Venus AMA — May 3rd
03 May 2021 | 17:58 pm
Swipe has announced that the Swipechain testnet will be launched on July 6th. The network will enable trustless cross-chain swaps via Swipe Swap. Venus will also be launching vXVS Polling, a tool that will be designed to signal which way a proposal should go before a formal proposal is launched.
April 2021 Updates
03 May 2021 | 02:06 am
Swipe is now listed on CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets. The Swipe V2 White Paper breaks down two missions: 1. Creating a bridge between crypto and commerce for our business partners paid in SXP and 2. Building a fully cross-chain decentralized automated market maker powered by SXP.
Say Hi to Your AI Assistant, Win a Share of $30,000 in VAI Prize Pool! Rewards Have Been Distributed!
29 Apr 2021 | 12:29 pm
KuCoin is proud to announce that the reward distribution for ‘Say Hi to Your AI Assistant, Win a Share of $30,000 in VAI Prize Pool!’ is completed. All rewards have been distributed to the winners’ accounts. Winners can check their accounts by going to Assets and checking the Other Rewards.
Venus Reward Token Distribution & VENUS NFT Details
28 Apr 2021 | 14:53 pm
Venus token holders, including vXVS, will receive an airdrop exclusively on Binance Smart Chain on May 15th at block number 7479562. The ratio of the airdropping will be 1,000 VRT to 1 XVS. VRT will have a total supply of 30 billion and be distributed to users over the course of 4 years.
Farming $XVS & $VAI at Harvest Finance via Binance Smart Chain [Beginner Friendly]
27 Apr 2021 | 17:34 pm
This tutorial explains how you can easily farm your $XVS and $VAI at Harvest Finance via Binance Smart Chain using Binance's Smart Chain. The process is pretty straightforward. First, enter the amount you would like to use for yield farming and hit "Deposit". Then accept all of the four MetaMask notification windows that appear.
Top 6 Binance Smart Chain Tokens
22 Apr 2021 | 08:20 am
Binance Coin (BNB) was launched in 2017 through an initial coin offering, less than a fortnight before the Binance digital currency exchange platform went live. The BNB token was initially issued as an ERC-20 token running on the Ethereum network. In April 2019, the BNB coins were swapped with BEP2 BNB on a 1:1 ratio. BNB tokens are no longer hosted on Ethereum.
A Letter from Venus to Community Members and Users
21 Apr 2021 | 11:12 am
On April 15th, Venus upgraded Venus V2 and began to implement a new single currency revenue pool service with a rate of 0.01% for just withdrawing assets out of Venus. For example, a withdrawal of $100,000,000 would cost a $10,000 fee. Venus is completely free for BNB markets and free for every other function.
21 Apr 2021 | 06:07 am
4月15日，Venus升级Venus V2并开始执行新的单币收益池服务的费率0.01%，由于部分项目方并没有根据费率变化做出调整，导致部分社区用户反馈存入某些生态项目的单币收益池本金产生费率而遭受损失，引发社区的讨论与关注。 Venus是一个完全去中心化的协议，早在1月15日，Venus团队就在推特上宣布已经将协议完全交给社区来决策并执行每一步的计划。这一次涉及Venus V2升级的VIP-12方案也得到了Venus社区的全面支持。 回顾事情的发展经过，Venus团队曾经5次以不同的方式向社区进行提醒。现将情况同步如下： 2月14日，Venus团队发布了“2021年Venus协议发展规划”。计划中原文的第一部分提及“Venus创始费用将为创建贷款和从协议中赎回贷款(存入/取出)增加少量费用。费用为1个基点，相当于0.01%。” 3月14日，Venus在推特更新升级计划的审核进展 3月30日，Venus在推特宣布社区通过Venus V2升级计划 4月13日，Venus在推特宣布将于4月15日开启升级，并转发相关项目支持升级的信息 4月15日，Venus再次通过以上社交渠道同步分享升级进展 为最大可能协助社区用户挽回相关损失，Venus正在与相关生态成员方进行密切沟通并整合收益策略，从我们的角度提供最大的支持，也期待我们的伙伴可以尽快拿出相对合理的解决方案。 这件事情的发生也确实让我们有所思考，DeFi的世界没有中心，但是当一个决策制定出来，为了最大可能保护用户资产不受损失，对于涉及到的生态成员方，我们未来将考虑成立一个生态共建联盟并欢迎尽量多的社区成员加入，定期对于协议的发展议题进行沟通和探讨，这将是Venus作为一个借贷中心项目一个重要的努力方向。 此外，面对汹涌的社区舆论，一些社区项目在对用户解释时强调造成损失是因为「Venus更改了资金费率」，而对其项目「未针对费率调整做出相关调整」避而不谈。更有舆论恶意中伤Venus做出如此重大的调整却并未向公众做出提示。对于此类谣言和诋毁，Venus团队建议社区项目积极参与去中心化生态共建联盟，及时关注协议发展动向。 我们深知，Venus协议的发展需要与生态相关方共建，2021年，我们还有更多的计划将要提出和解决，期待可以得到来自社区成员的支持，谢谢大家！ Venus团队 2021年4月21日
Venus Protocol AMA
01 Apr 2021 | 02:08 am
Venus Protocol CEO Joselito Lizarondo answered questions on the Venus protocol during an AMA session held on March 31st. The session was transcribed into a written format below for everyone to read. The next vision is to ship out v2 proposal upgrades, polish the frontend of the appvenus.io interface to make it fast and sleek.
DeXe’s Partnership with Venus Opens New Strategies for Both
17 Mar 2021 | 12:02 pm
DeXe Network has partnered with Venus, the leading decentralized marketplace on the Binance Smart Chain (BSC) where users can borrow and lend stablecoins with ease. Venus allows assets to be tokenized into vTokens that can be used to borrow with no trading fees nor slippage. Venus users gain access to DeXe’s traders and investment tools, including social trading.
Venus Protocol Roadmap 2021
14 Feb 2021 | 04:59 am
Venus is a decentralized money market and stablecoin platform that operates exclusively on Binance Smart Chain. Venus Origination fees will add a small fee to creating a loan and redeeming a loan (depositing/withdrawing) from the protocol. The Venus Reward Token will be proposed to be the liquidity incentive token for Venus Protocol.
Venus Gas Fee Airdrop
28 Jan 2021 | 13:25 pm
Venus and BSC are jointly airdropping a total of $50,000 in BNB Gas Fees! The 1st 5,000 new Venus users who deposited any amount of $BNB into their BSC address from January 30 until February 12, 2021 will receive air drop rewards.
Venus Governance — Decentralization Launch
15 Jan 2021 | 12:01 pm
Venus Protocol has successfully migrated its admin keys to the Venus Timelock smart contract. The protocol is now governed and upgraded by XVS token-holders, using three distinct components. The community can propose, vote, and implement changes through the administrative functions of a vToken or the unitroller.
Venus Protocol — Update
14 Jan 2021 | 18:07 pm
Venus Protocol has terminated its relationship with a pre-sale participant after he took out loans on the Venus money market. The buyer of 450 million Swipe Ignition CAN tokens converted the assets from BSC wrapped to native and withdrew them from our OTC desk. Venus covered the 2,000 BTC and ETH liquidity on Venus within hours-time so that users could deleverage their positions.
Exclusive For Venus Protocol: Swap, Hold XVS & Earn SFP
13 Jan 2021 | 22:55 pm
SafePal is the first and only crypto hardware wallet backed and invested by Binance has launched its token SFP. Up to 500–1000 SFP tokens will be distributed exclusively to the early supporters who participate in the SafePal product usage and social engagement. From today to January 31st, all XVS holders can take a share from a 5,000,000 SFP reward pool by finishing the holding XVS challenge.
Venus Protocol DeFi Tutorial: How to Supply and Borrow Assets, mint VAI stablecoin, and farm XVS tokens
02 Dec 2020 | 06:49 am
Venus Protocol is a decentralized lending platform that lives on the Binance Smart Chain. At its core, Venus is a money market protocol, enabling lenders to provide loans and borrowers to take out loans. The platform distributes XVS tokens to users supplying liquidity, borrowing assets, or minting VAI stablecoins.
Venus Protocol — Main Network Launched
24 Nov 2020 | 18:57 pm
The Venus Protocol has launched its first synthetic stablecoin, VAI, on the Binance Smart Chain. Users can now access a high-speed, low fee, money market that offers users the opportunity to mint the protocol's first Synthetic stablecoin called VAI. Venus Protocol is governed by its native cryptocurrency XVS which can now be mined (farmed) by liquidity suppliers, protocol borrowers and stablecoin minters.
Venus Protocol — Testnet Launch
17 Oct 2020 | 02:15 am
Venus Protocol has announced the launch of its alpha testnet on the Binance Smart Chain, which will enable users to borrow and supply collateral on the Venus Protocol and begin liquidity mining XVS. The beta testnet and mainnet launch are scheduled to be held later this month. Venus Protocol will also allow users to start minting of its own cryptocurrencies.