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 […]
Should there be a rare occurrence of a UI outage or downtime, you can still interact with Venus IPFS website or with smart contracts using a blockchain explorer such as bscscan.com.The subsequent steps require a desktop browser, ideally Chrome, and the MetaMask plugin. 1. Approve Assets To deposit your assets into the vault, you must […]
OpenZeppelin conducted an audit of the Venus Protocol Diamond Comptroller from July 7, 2023, to July 28, 2023. The audit focused on the venus-protocol repository, particularly the Comptroller, ComptrollerStorage, Diamond, and various facets such as MarketFacet, PolicyFacet, RewardFacet, and SetterFacet. These contracts are pivotal to the Venus Protocol as they are responsible for managing markets […]
Introduction: Venus Protocol provides an avenue for users to perform liquidations in the DeFi marketplace. This functionality is not only crucial to the protocol’s health but also provides opportunities for liquidators to earn profits. In this article, we will outline the step-by-step process of performing liquidations in the Isolated Markets of Venus Protocol. Please note […]
We would like to share an important announcement from Binance that might be of interest to our Venus Community members. In their ongoing efforts to expand the ETH staking ecosystem, Binance has introduced a new feature that allows users to convert their BETH (Binance Ethereum) holdings to WBETH (Wrapped Ethereum) at a 1:1 ratio on […]
OpenZeppelin conducted an audit of Venus Protocol’s SwapRouter took place from May 15th to June 1st, 2023. The scope of the audit encompassed several contracts in the VenusProtocol/venus-protocol repository, including SwapRouter.sol, RouterHelper.sol, IRouterHelper.sol, IVBNB.sol, IVtoken.sol, and others. Venus SwapRouter is an adaptation of the PancakeSwap V2 PancakeRouter, broadening user interactions by integrating Venus markets. This […]
In this post, we are excited to share the significant enhancements that have taken place in the Venus Protocol’s Vaults. With the introduction of VIP-127, Venus Protocol is improving the user experience while prioritizing transparency, accessibility, and community engagement. Let’s dive into the details and explore how these changes encourage participation while improving the user […]
OpenZeppelin conducted an audit of the Venus Protocol Oracles from May 8, 2023, to May 23, 2023. The audit focused on the VenusProtocol/oracle repository, particularly the ResilientOracle, BinanceOracle, BoundValidator, ChainlinkOracle, PythOracle, and TwapOracle contracts. These contracts are essential to the Venus Protocol as they are required to obtain current fair market prices for certain assets […]
Venus Protocol Has A New Plan To Ensure VAI Remains A USD pegged Stablecoin The world of decentralized finance (DeFi) is constantly evolving, with new protocols and strategies emerging to keep assets secure, offer new yield opportunities and empower investors. At the vanguard of this innovation is Venus Protocol, the first lending and borrowing platform […]
Venus Protocol is thrilled to unveil its latest rewards program: Venus Prime Token. This innovative initiative aims to incentivize user loyalty and drive growth within the protocol by offering enhanced yields. Venus Prime will initially be available for select crypto markets, including USDC, USDT, TUSD, DAI, BNB, BTC and ETH, allowing users to leverage this […]
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