Real Yield with Venus Prime on Arbitrum and Ethereum

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Being the No.1 Lending Protocol on BNBChain, Venus has achieved a great reputation and loyalty from users. But did you know Venus is also deployed on Ethereum and Arbitrum? We would like to present you our article explaining how users can get even more yield with VenusPrime on ETH and ARB Network. Let’s dive into the details together 👇

Venus Prime represents the next evolution of the protocol, offering a suite of advanced features designed to enhance capital efficiency and user experience. Following a proposal fully supported by our community, Venus Prime was launched on Ethereum via VIP-339. Here’s what you can expect:

  • Isolated Lending Markets: Venus Prime introduces isolated markets, allowing for more specialized lending pools with potentially higher yields and reduced risk exposure.
  • Enhanced Capital Efficiency: The platform is designed to maximize the utility of your crypto assets, enabling you to earn interest on deposits and borrow against them with greater flexibility.
  • Ethereum’s Liquidity and Assets: By launching on Ethereum, Venus Prime taps into the network’s vast liquidity and diverse range of assets, opening up new opportunities for lenders and borrowers alike.

Venus Prime aims to incentivize larger stake sizes and diverse user participation. This is expected to significantly increase the staking of $XVS, the Total Value Locked (TVL), and Market Growth. You can stake your $XVS tokens anytime to be eligible for Venus Prime, an exciting new venture in the DeFi landscape.

Venus Prime is one of the best yielders among DeFi innovations.

With Venus Prime you get incentives for the most liquid crypto markets: $BTC, $ETH, $USDT and $USDC on BNB Chain, Ethereum and soon Arbitrum!

The yield rates with Venus Prime are much more encouraging on Venus than other DeFi projects. Venus Prime will soon be live on the Arbitrum network, so you will be able to soon access the spectacular boost APY rates there thanks to the Arbitrum & Venus partnership.

The rates below are the latest APYs available with Venus Prime on Ethereum and BNB Chain:

How does Venus Prime work?

Venus Prime’s uniqueness lies in its self-sustaining rewards system, instead of external sources, rewards are derived from the protocol’s revenue, fostering a sustainable and ever-growing program.

Eligible $XVS holders will receive a unique, non-transferable Soulbound Token, which boosts rewards across selected markets.

Prime Tokens:

Venus Prime encourages user commitment through two unique Prime Tokens:

  1. Revocable Prime Token:
    • Users need to stake at least 1,000 XVS for 90 days in a row.
    • After these 90 days, users can mint their Prime Token.
    • If a user decides to withdraw XVS and their balance falls below 1000, their Prime Token will be automatically revoked.
    • The limit to the number of revocable Prime tokens is 500 on BNB chain. Source.
      It can be changed with a VIP.
  2. Irrevocable “OG” Prime Token (Phase 2):
    • To be defined

To access Real Yield with Venus Prime, simply go to app.venus.io and connect your wallet to the dApp. You can also calculate your future APY with Venus Prime via our calculator right on the main page to see your potential returns for the amount of XVS tokens you stake.

To read more about Venus, visit our official docs page: https://docs-v4.venus.io/

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