Venus Protocol used to be fully reliant on the Chainlink price oracle for fetching prices. This dependence, while generally reliable, created a single point of failure. An erroneous or stale price could, without a secondary mechanism for validation, pose threats such as unwarranted liquidations or inflated borrowing. In light of these risks, Venus V4 introduced the […]
What Is DeFi Looping? You can lend or borrow crypto assets on a DeFi platform and earn crypto assets in exchange for supplying an asset. More complex strategies, however, can be used to increase yield output. One such yield-increasing technique is Looping. In DeFi, looping is the process of supplying and borrowing the same assets […]
Venus Protocol, the leading decentralized money market protocol, today announces the highly anticipated Venus Prime Boost on the Ethereum Mainnet. This expansion marks a significant milestone in Venus’s journey to bring its innovative lending and borrowing services to the heart of the DeFi ecosystem. Venus: Your Gateway to Decentralized Finance For those unfamiliar, Venus is […]
Introduction Vanguard Vantage is excited to announce its new agreement with CryptoNotifyCentral. This collaboration will allow the Venus Community to use the DeFiNotifyBot for 24/7 real-time notifications on Telegram to constantly be informed of their leveraged positions on Venus. This feature is designed to help users avoid over-leveraged positions that might lead to liquidation if […]
We’re thrilled to announce the winners of our recent meme contest celebrating Venus is on Arbitrum! We were blown away by the creativity and humor displayed by all participants. Your engagement and enthusiasm have made this campaign a resounding success! The contest was simple: create a meme featuring the Venus and Arbitrum logos, follow our […]
Introduction In the dynamic world of DeFi, reliable price feeds are pivotal for the secure and effective functioning of protocols like Venus. The platform has expanded its integration with RedStone Oracles, marking a significant enhancement in ensuring the accuracy and resilience of its price feeds. The Vital Role of Accurate Price Feeds in DeFi Price […]
Introduction In traditional finance (TradFi), frontrunning involves brokers exploiting upcoming trades based on prior knowledge. This practice, while old in stock markets, takes a more complex form in decentralized finance (DeFi) due to the public nature of blockchain transactions. Platforms like Robinhood have been criticized for similar practices by selling customer transaction data to brokers […]
Introduction The decentralized finance (DeFi) space, especially on platforms like Venus Protocol, is ripe with opportunities for savvy traders. One such opportunity is arbitrage involving VAI, the stablecoin of the Venus Protocol. This article will explore the mechanics of VAI, its relationship with the Peg Stability Module (PSM), and how these elements create arbitrage opportunities. […]
OpenZeppelin conducted an audit of Venus Protocol’s Token Converter from September 11, 2023, to September 20, 2023. The audit honed in on the VenusProtocol/protocol-reserve repository, especially the ProtocolReserve and TokenConverter contracts. These contracts are pivotal for Venus Protocol as they manage the conversion of tokens to USDT or XVS before forwarding them to their respective […]
OpenZeppelin conducted an audit of Venus Prime from August 21, 2023, to September 13, 2023. The audit focused on the VenusProtocol/venus-protocol repository, particularly the Comptroller, Diamond, Tokens, and XVSVault contracts. These contracts are integral to Venus Prime as they are designed to reward its holders based on their staking activity and associated balance in the […]
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