Venus Protocol Launches Venus Prime on Ethereum Mainnet, Expanding Access to Next-Generation Lending and Borrowing

Venus Prime Boosts DeFi Lending on Ethereum Mainnet

July 16, 2024 – 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 Decentraliz ed Finance

For those unfamiliar, Venus is a decentralized marketplace designed for lenders and borrowers in the crypto space. Think of it as an institution run by code, where users like you and me determine interest rates and control the flow of assets. Already a multi-chain powerhouse, Venus has a strong presence on opBNB, BNB Chain, and Arbitrum One, and now sets its sights on empowering the Ethereum community. 

Introducing Venus Prime on Ethereum: The Future of Decentralized Lending 

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: 

Venus Prime on Ethereum 1 

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. 

The Power of XVS: Governance and Rewards 

At the heart of the Venus ecosystem is the XVS token, the protocol's native governance and utility token. Holding XVS grants you the power to: 

Participate in Governance: Have your say in the future of Venus by voting on proposals that shape the protocol's development. 

Earn Rewards: XVS holders are eligible to earn a share of the protocol's revenue, distributed as rewards. 

Boost Your Earnings: Staking XVS can amplify your rewards and unlock even greater earning potential. 

Rewards for the next 90 days are the following: 

ETH market in the staked ETH pool: 52.6647 

USDT: 15,395 

USDC: 15,395 

BTC: 0.25476 

An Established Protocol with a Proven Track Record 

Venus has already established itself as a leader in the DeFi space, boasting over $2 billion in Total Value Locked (TVL) across its existing markets. This impressive

Venus Prime on Ethereum 2 

figure is a testament to the trust and confidence that the community has placed in the protocol. 

The launch of Venus Prime on Ethereum Mainnet marks a pivotal moment for both Venus and the broader DeFi ecosystem. With its user-friendly interface, innovative features, and commitment to community governance, Venus Prime is poised to become the go-to platform for decentralized lending and borrowing on Ethereum. 

Start exploring the future of DeFi with Venus Prime today! 

Website: Venus.io 

X: https://x.com/venusprotocol?s=21&t=FgcEpuu-qBiok78Pzkweug