Venus Protocol (XVS), a decentralized finance (DeFi) framework on the Binance Smart Chain, has recently been in the spotlight with a series of updates and significant activities. The platform dismissed rumors of an exploit, explaining the real circumstances behind a $270,000 hole resulting from an oracle incident. The protocol also experienced a liquidation event after an exploiter on the BNB Chain was liquidated for $30 million.
Venus is striving to be an autonomous, robust, and secure lending protocol. However, community questions about the protocol's opaque finances have emerged. Further, the BNB Chain community is currently dealing with concerns following a potential Venus Protocol liquidation.
Binance has recently presented Venus, a \"decentralized\" stablecoin system. The XVS token has experienced price movements together with a significant token burn event. Venus Protocol is accepting Floki Tokens as collateral for lending, suggesting further market dynamics and collaboration.
Finally, Venus launched its mission called “Mission to Venus” aiming to benefit XVS token holders with extra APY & revenue share. This news resulted in a 45% increase in XVS's price, stimulating discussions concerning the token's potential undervaluation and prospective further growth.
Venus Coin News Analytics from Mon, 28 Mar 2016 07:00:00 GMT to Sat, 15 Jun 2024 18:45:36 GMT -
Rating 4
- Innovation 3
- Information 5
- Rumor -2
