|All Time High:|
|Market Cap: |
|The price of #XVS today is $5.73 USD.|
The lowest XVS price for this period was $0, the highest was $5.73, and the current live price for one XVS coin is $5.73038.
The all-time high XVS coin price was $147.
Use our custom price calculator to see the hypothetical price of XVS with market cap of BTC or other crypto coins.
|The code for Venus is #XVS. |
Venus is 2.3 years old.
|The current market capitalization for Venus is $85,265,187.|
Venus is ranked #246, by market cap (and other factors).
|There is a big volume of trading today on #XVS.|
Today's 24-hour trading volume across all exchanges for Venus is $4,350,631.
|The circulating supply of XVS is 14,879,505 coins, which is 50% of the total coin supply.|
A highlight of Venus is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
Announcing the latest Venus Protocol UI Updates
In an effort to improve user experience and create an optimal DeFi interface for our users, we have made some more interface updates to the Venus Protocol UI. The latest Venus Protocol interface improvements include:Updated Market PageUpdated Market Detail PageUpdated XVS Page Stay tuned for more exciting updates to the protocol interface coming soon. Join our Discord and follow us on Twitter to get all of our updates first! Announcing the latest Venus Protocol UI Updates was originally published in Venus Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
Announcing the latest Venus Protocol Dashboard UI Update
In an effort to improve user experience and create an optimal DeFi interface for our users, we have made some updates to the Venus Protocol UI. The latest Venus Protocol interface improvements include:Updated Account SummaryUpdated $XVS VaultUpdated Borrow Modal Stay tuned for more exciting updates to the protocol interface coming soon. Join our Discord and follow us on Twitter to get all of our updates first! Announcing the latest Venus Protocol Dashboard UI Update was originally published in Venus Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
How to Use Venus Protocol Mini Program on Binance App
You can now access Venus Protocol from the Binance App directly. After connecting your Binance DeFi Wallet, you can easily transfer funds from your Binance Spot Wallet to Venus Protocol and start earning interest.What is the Venus Protocol? Venus Protocol is a decentralized lending platform on the BNB Chain. It leverages audited smart contracts to provide crypto loan services. You can supply and borrow popular cryptocurrencies on the platform to earn interest.How to access the Venus Protocol Mini Program on the Binance App? 1. Log in to your Binance App. On the homepage, drag down to access the [Marketplace]. Please make sure your App is updated to the latest version. 2. Select [Venus Protocol] and tap [Connect] to connect your Binance DeFi Wallet. You can create a new wallet or import an existing wallet by your seed phrase. 3. You can now transfer funds from your Spot Wallet to your DeFi Wallet. Select the asset to transfer and tap [Next]. Please note that you will need some BNB in your DeFi Wallet to pay for gas fees on Venus Protocol. We suggest maintaining a balance of $25 in BNB to cover your transactions. 4. Enter the amount to transfer and tap [Withdrawal]. 5. After transferring your funds, you can access the Venus Protocol features. On the [Market] tab, you can check each asset’s total supply, APY, liquidity, total borrowed funds, and collateral factor. An asset’s collateral factor determines the proportion of ...
Venus Protocol Mini-Program Launches in The Binance Mobile App
Dear $XVS holders — we are proud to announce that the Venus Protocol Mini-Program is officially live in the Binance mobile app. This means that Binance users will be able to access Venus Protocol’s features directly within the Binance app without having to switch over to other apps or websites. This integration marks the first decentralized borrowing/lending app integration into Binance, and is expected to further increase the Venus Protocol user base, liquidity, utilization, and trading volume.🕹️ What is a Binance Mini Program? The Venus Protocol mini program within the Binance mobile app allows users to access all of the features and benefits directly within the Binance interface without having to close the app or switch to other platforms. This integration allows for a seamless decentralized borrowing and lending experience for all Binance users. Binance users will also be able to leverage their Binance DeFi wallet and use it to interact with the Venus Protocol mini-program.🚀 How is this important for Venus Protocol? Venus Protocol is currently the leading decentralized borrowing and lending protocol on BNB Chain. Venus is always looking for ways to add value and bring DeFi borrowing & lending to a larger ecosystem of users. Given that Binance is one of the world’s leading centralized exchanges, this partnership is a perfect match. By acquiring more users and more liquidity, Venus is able to further ...
Venus LUNA Incident Update 3: Resuming the Protocol
Dear Venus Community, Thank you for your patience and your support as we work through safely resuming Venus Protocol. The protocol was previously paused by multisig transaction on the PauseGuardian contract to protect our users from further impact caused by the LUNA Chainlink Price Feed suspension. We have crafted a plan to resume Venus Protocol and ensure that all affected users can repay their debts & exit their over-leveraged positions rather than experience liquidation due to any differences in market conditions since the pause. In order to prevent instantaneous liquidations upon unpausing Venus, we have turned off all price feeds to the protocol. This only allows asset supply and repayments to occur, and prevents borrowing and liquidations. Please note: withdrawals are still possible if your asset is not enabled as collateral. Vault withdrawals are also currently active. We have also launched VIP-61. This VIP will adjust the Collateral Factor on LUNA and UST markets to zero, the first step in offboarding these assets from Venus Protocol. The specific commands for VIP-61 are as follows:setCollateralFactor(LUNA, 0)setCollateralFactor(UST, 0)LUNA.setPendingAdmin(multisig)UST.setPendingAdmin(multisig) A repayment window of 12 hours (instead of the 24 hours stated in VIP-61) will follow the resumption of Venus Protocol, after which point price feeds will be restored to re-enable support for liquidations. After the launch...
Venus Protocol LUNA Incident Update 2
Summary This is a supplemental announcement regarding the unanticipated Chainlink LUNA price feed suspension on Venus Protocol that occurred yesterday. The events caused by the suspended price feed affected several protocols among which was Venus. The Venus team was able to catch the issue quickly and implement protective measures to minimize impact on the protocol and its users. In this announcement we will address the facts with the community about what transpired. Incident details On Thursday May 12 at about 09:20 UTC, Chainlink’s price feed for LUNA hit a price floor threshold and was suspended by Chainlink with a price of $0.107. The LUNA market on Venus continued operating while the spot price continued to drop. LUNA had the following parameters on Venus, which were deemed to be safe: We became aware of a price disparity 4 hours later when the spot price was about $0.01 while suspicious accounts depositing large amounts of LUNA were identified with these addresses:0x1f6d66ba924ebf554883cf84d482394013ed294b0x3b7f525dc67cca55251abb5d04c81a83a60052690x8d655aaaa0ec224b17972df385e25325b9103332 At the time of the exploit being detected, the team made the decision to use the fastest means of mitigation available, which was to pause the protocol at approximately 15:15 UTC (activated by multisig tx on the PauseGuardian contract). At that time, subsequent borrows resulted in a shortfall of about $14,200,000 across these accoun...
Venus Protocol Official Statement regarding LUNA
Today, we became aware of errant price behavior for LUNA on Venus Protocol. Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions. The price on Venus was last listed at about $0.107 while the market price was $0.01. In order to de-risk this situation, the protocol was paused using PauseGuardian via multisig. Given the continued risks of the LUNA market and in order to eliminate the possibility of further shortfall, the community has asked to suspend the LUNA market effective immediately. Venus Protocol also has a Risk Fund that will be utilized to remedy the shortfall that resulted from this event. In order to take these steps, the price feed for LUNA will be temporarily set to 0 using OracleAdmin via multisig, this will effectively disable the market and, as an unintended byproduct, temporarily disable the protocol for all wallets that have a position with LUNA. Subsequently, a VIP will be prepared asking the community to set the collateral factor for LUNA to 0, after which the Chainlink price feed will be re-enabled which will allow withdrawals and liquidations. Venus is also assessing the UST Situation carefully and will take further actions as necessary. In regards to individual accounts, please join our official Discord community where our team can provide support to affected users. More information will be issued as it becomes available. Please follow us on...
How To Use Venus Protocol: The Official Guide
This step by step guide will walk you through all of Venus Protocol’s features and what you will need to take full advantage of the platform. We will continue to update this guide as more Venus Protocol features go live. How to setup a wallet to use Venus Protocol To start using Venus follow the steps below:Set up a BNB Chain Metamask Wallet (Use Metamask with BNB Chain — Binance Chain Docs)Deposit BNB (BEP-20/BSC) into the BNB Chain Metamask Wallet address for gas.Deposit any supported cryptocurrency (BEP-20/BSC) to your Wallet. (Note: This can be done via Binance Bridge or Binance.com)Go to app.venus.io and follow the instructions to use the protocol. How to setup a DeFi wallet using Binance Binance has recently announced the Binance DeFi Wallet, a non-custodial decentralized Web3 wallet within the Binance application. Users can access the Binance DeFi Wallet from the latest version of the Binance App to create a DeFi wallet, transfer funds, and use DApps such as Venus Protocol. The Binance DeFi wallet experience is designed to simplify the onboarding and fund transfer process for new users, making it very easy to switch between Binance and DeFi, without worrying about selecting certain blockchains or copy/pasting the right addresses. Venus Protocol DeFi Tutorial Venus Protocol is a decentralized lending platform that lives on the BNB Chain. At its core, Venus is a money market protocol that enables lenders to...
Venus Announces Interest Rate Model Upgrades
In order to optimize for risk management, competitive supply rates, and increased revenue, the interest rate models for certain assets have been adjusted according to VIP 58 which was recently voted on by the Venus community.Updates For all assets included in the recently passed VIP 58 (ADA, BCH, BETH, BTC, DOGE, ETH, FIL, LINK, LTC, SXP, XRP), interest rate model curves have been steepened with an increased rate multiplier. Kinks (rate jumps) have also been added to ensure supply rates remain competitive and utilization remains low enough to ensure supplier withdrawal liquidity.Details The graphs below represent the parameter changes for each of the impacted markets. Venus Announces Interest Rate Model Upgrades was originally published in Venus Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
VRT Swap is now live on Venus Protocol
Following the successful deployment of the VRT Vault, we’re glad to announce that the VRT Swap is now live on Venus Protocol. This swap will enable $VRT token holders to swap their $VRT for $XVS tokens (the native token of Venus Protocol). Included below are the full details regarding the swap along with a link to access the swap and convert your tokens. Specifications The VRT Swap & XVS Vesting contract(s) are a separate system from the VRT Rewards Vault and XVS Rewards Vault. VRT Swap & XVS Vesting are not related to the rewards vaults. XVS owed from the VRT swap will be vested over a 365 day period for all addresses. The VRT Swap contract will be available for VRT deposit for 365 days after deployment. After 365 days, VRT deposits will no longer be accepted but XVS will continue to vest for up to an additional 365 days or until all XVS has vested. Vested XVS will be available for withdrawal perpetually. Based on the following calculation ~8.73B public VRT * (1 XVS / 12,000 VRT) = ~728k XVS 728k XVS / 365 days = 1,995 XVS per day will be vested and released. VRT Swap & Vault Detail Diagram Access the VRT SWAP: https://app.venus.io/convert-vrt VRT Swap is now live on Venus Protocol was originally published in Venus Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Venus (#XVS) News
|Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locke...
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like Terra's Anchor Protocol bit the dust, and 71.95% of the total value locked in defi lending protocols evaporated.From $37 Billion to $10 Billion: The Top Five Defi Lenders Then and Now
Last year around this time, decentralized finance lending protocols held $37.41 billion in total value locked (TVL), and the defi protocol Aave dominated with $12.87 billion. An archive.org snapshot from Jan. 10, 2022, shows that Aave's $12.87 billion TVL was larger than the TVL the top five defi lending protocols held on Jan. 17, 2023.
Data shows that the top five defi protocols in mid-Jan. 2023 include Aave ($4.58 billion), Justlend ($3.02 billion), Compound ($1.85 billion), Venus ($813.63 million), and Morpho ($221.59 million). Currently, all five of the aforementioned defi protocols have a combined TVL of around $10.49 billion.
On Jan. 10, 2022, Terra's Anchor Protocol held approximately $8.5 billion in value, but now the defi protocol is in ashes. Anchor was one of the main components in the Terra ecosystem as terrausd (UST) holders deposited UST for a 20% annual percentage rate return that compounded daily.
But in May 2022, UST ...
|Stader Labs Unveils Plan for a decentralized, DeFi-friendly Liquid Staki...
[PR - Singapore, Singapore, 13th December, 2022, Chainwire]
Stader Labs, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum which sheds light on what to expect.
The State of Ethereum Staking
Firstly, a glance at the state of Ethereum staking today shows that liquid staking has emerged as the most popular way (33% of all staked eth) for users to stake Ethereum, followed by CEXs (29%). And within the liquid staking ecosystem, there’s a dominant protocol, Lido, that has a market share of ~90%. Additionally, the problem is only made worse by Lido’s model of working with a limited set of ~30 permissioned node operators. And, across Lido and the top 2 CEXs in Coinbase & Kraken, over 50% of all staked Eth flows through just these 3 entities. This clearly highlights the need for more robust alternatives.
Stader x Ethereum: Vision
Stader’s vision on Ethereum is to deliver a liquid staking product that can find the right balance of being user backward (think great UX, staking yield, Defi integrations), scalable (can support user demand), and a force for decentralization.
Stader’s approach to delivering this vision will be 3-fold:
A hybrid ecosystem of permissionless and permissioned node operators with a focus on decentralization. The permissioned set will enable Stader to continue to scale as the permissionless ecosyste...
|Binance Reserves Report Dissected As Exchange Quells Concerns
Mainstream media has been on a crypto rampage this year following several high-profile company meltdowns. The Wall Street Journal has been at the forefront of some of those attacks.
Its latest attempt to deride the crypto industry has taken a swipe at Binance and its recently released proof of reserves.
Over the weekend, the outlet reported that it had consulted with accounting experts who said “investors still shouldn’t be satisfied with the report.”
Over the past month, Binance has been releasing data on its crypto wallet holdings, as reported by CryptoPotato. Furthermore, the firm claimed that deposits were backed 101%.
Binance Reserves Picked Apart
According to an accounting professor at Baruch College in New York, Douglas Carmichael, the report released by audit firm Mazars last week lacks information.
The WSJ also nitpicked at a Bitcoin price discrepancy that it claimed would make Binance reserves 97% collateralized, not 101% as the firm claimed.
Binance spokeswoman Jessica Jung told the outlet the difference of 21,860 BTCs was “made up of BTC loans made to customers through the Binance loan program,” adding that “the collateral for said loans are not in BTC but in other currencies.”
The audit report did not detail any of Binance’s internal controls or systems to liquidate assets to cover leveraged loans, according to other accounting experts. Former Financial Accounting Standards Board member, Hal Schroeder, commented:
|Infinix Launches Flagship Smartphone with Xboy Explorer NFT Collection
Non-fungible tokens (NFTs) have become mainstream. They boomed in popularity back in 2021, and in 2022, they have cemented their place amid crypto enthusiasts and even people outside of the industry.
We've seen many companies implement non-fungible tokens in various marketing or customer acquisition strategies in a bid to leverage their technology and promote innovation.
Infinix is a company founded in 2013 and has committed to building stylishly designed and cutting-edge technology. Their focus is primarily on smart devices that are built to deliver memorable experiences.
Now, the company has announced the launch of its flagship smartphone together with a space-themed XBOY EXPLORER NFT collection that's limited in its edition.
Intertwining Technology and Collectibles
Infinix has announced the launch of its flagship smartphone called ZERO ULTRA. Alongside it, however, the company has also decided to pay tribute to humanity's spirit of space exploration, putting together a team of five explorers who come from different planets and meet in our solar system.
Infinix ZERO ULTRA
Infinix ZERO ULTRA
Each one of them is packed with various abilities that are designed to represent the various technological achievements brought to customers by the ZERO ULTRA smartphone.
The first character is called Flash. He comes from Venus and carries a 180W Thunder Charge representing the smartphone's power capacity. Mirror is the second character, and he comes from Jupiter, bringing a 3D waterfall...
|Will Mercury In Retrograde Bring A Mood Shift In Bitcoin?
Bitcoin is in free fall, just as Mercury goes retrograde for the second time in 2022. The astrological event is blamed for all kinds of miscommunications and technology-related issues. It also appears to have a correlation with major mood shifts and pivot points in Bitcoin price.
With today starting another phase of Mercury in retrograde, let's take a look at how the planet-related phenomenon might impact price action across crypto.
What Is Mercury In Retrograde? Examining The Astrological Event
Mercury's period of retrograde motion begins today, and lasts through June 2, 2022. If you notice sudden computer problems over the next three weeks or issues stemming from a mistyped text message, it is Mercury to blame.
But back to Bitcoin. The top cryptocurrency has shown major mood shifts and pivots precisely when the retrograde period rolls around. The solar system has interesting and unusual relationships with the Fibonacci sequence – a tool often used in predicting price action in markets.
For example, a year on Earth is 365 days, or nearly a full 360 degrees of a circle. A year on Venus is 225 days, which is roughly the 0.618 Fibonacci ratio of Earth's cycle. A Mercury year is 87.97 days, and is roughly the 0.236 Fibonacci ratio of the Earth's cycle.
Could this close relationship with Fibonacci be the reason for Mercury's extra-powerful impact on us here on Earth?
Mercury goes retrograde as Bitcoin retests the golden ratio. Coincidence? | Source: BTCUSD on TradingView.c...
|Opera Crypto Browser Now Supports BNB Chain
Users of the crypto-friendly browser will be able to access popular decentralized apps, including DEXs like PancakeSwap, 1inch based on BNB Chain.
Opera - a web browser supporting Web3 - has announced support for Binance's smart contract blockchain, BNB Chain, on desktop and mobile.
Opera Taps BNB Chain
According to the official blog post, Opera revealed that the latest integration of its Crypto Browser with BNB will enable users to purchase BNB tokens with fiat as well as send and receive the asset via the built-in crypto wallet.
Additionally, users will also be able to access BNB Chain-based decentralized applications. Besides transactions and funds, Opera will also provide access to popular decentralized exchanges such as PancakeSwap, 1inch, BiSwap, as well as products like DRIP Venus, Tranchess, Treehouse, ApeSwap, and AutoShark Finance.
Opera also stated that this partnership has the potential to take Web3 adoption to the next level. The announcement further read,
'With today’s announcement of BNB Chain integration, Opera continues to streamline mainstream access to Web3 and beyond. With the Opera Crypto Browser, existing users of BNB Chain dApps and token holders alike can now join the hundreds of millions of Windows, Android, and Mac users worldwide in having unique Web3 access functionality at their fingertips.'
Opera has forged partnerships with several blockchains in recent years. In addition to BNB Chain, the browser company has scaled up its support for nine...
|More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5...
In mid-March, the top five blockchains - in terms of total value locked (TVL) in decentralized finance (defi) - currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to designate their finances in various ways.5 Blockchain Networks, 21 Defi Protocols
Today, there's just under $200 billion in defi and that's just the total value locked (TVL), as it doesn't include the large quantity of tokens tied to these specific protocols. Right now, five different blockchain TVLs represent 82% of the $198 billion locked in defi protocols. The chains include Ethereum, Terra, Binance Smart Chain, Avalanche, and Solana.
Ethereum currently holds the largest TVL with $108.51 billion or 54.59% of the value locked in defi protocols. On March 14, the top decentralized exchange (dex) platform tied to Ethereum is Curve Finance, with its $17.72 billion in TVL. Ethereum's top collateralized debt position (CDP) application is Makerdao, which is just under Curve as the second-largest TVL in defi today.
In terms of liquid staking, Lido is the top defi protocol and Convex Finance is Ethereum's top protocol for yield. Lastly, Ethereum's largest lending protocol is the defi application Aave, with its $11.35 billion TVL.
The second-largest chain in terms of TVL in defi is Terra, with $25.79 billion or 12.98% of the...
|Anchor Nips at Aave's Heels as Defi Protocol Becomes Second-Larges...
While the decentralized finance (defi) platform Anchor Protocol's native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last month, Anchor's TVL has increased by 40.13%.Anchor TVL Surges More Than 40% in 30 Days, Protocol's TVL Rivals Aave's Lead
The Terra-based token anchor protocol (ANC) has increased in value significantly against the U.S. dollar during the last month. At the time of writing, 14-day metrics show ANC has gained 82.7%, and 30-day stats indicate ANC is up 182.4%.
Anchor is a lending protocol built with the Terra blockchain network, and it gathers liquidity from lenders and borrowers. Moreover, lenders depositing the stablecoin terrausd (UST) gather a stabilized yield at close to 20% APY.
In order to gather yield, Anchor uses a liquid-staking mechanism. Anchor and Orion Money also offer Ethanchor, which allows depositors to gather yield on Ethereum-based stablecoins in contrast to Anchor's UST functionality.
Currently, Anchor is the sixth-largest defi application today, out of all the defi applications in existence according to defillama.com metrics. Anchor's TVL has increased 5.55% over the last week, but monthly statistics indicate the protocol's TVL jumped 40.13% since last month. Much of Anchor's TVL increase to $11.5 billion occurred during the las...