Protocol/Gauge Name:
Provide the full name of your protocol or project e.g.: Uniswap V3 - pufETH/stETH
- Venus Protocol - pufETH Collateral asset.
Protocol Description:
This will appear in the metadata of the gauge listing (Max 500 Characters)
Venus is a decentralized DeFi lending protocol on BNB, Eth, Base, zkSync, OP & Arbitrum.
Protocol Overview:
A brief overview of your protocol, including it’s core functionality and target audience
Venus.io is a decentralized finance (DeFi) protocol designed for crypto users seeking efficient lending & borrowing solutions. It allows users to earn interest by supplying assets and borrow against collateral.
Key Features:
Please bullet point main features, any technical capabilities and unique aspects
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Venus has a rewards programme called PRIME. This is a revenue distribution model for XVS stakers, where 20% of protocol revenue on each chain is given to users in the form of higher supply APY’s & lower borrowing APY’s.
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Venus has “Core” and “Isolated” markets to maximise LTV’s while minimizing asset & pooling risks.
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Venus has a 2 kink interest rate model (on BNB) that provides smoother and more predictable borrowing APYs for a better user experience, especially in times of high borrow demand such as Binance launch pool events.
Distribution Method:
*Please confirm distribution method (Merkl usage or StakerERC20 contract address)
Merkl
Pool Addresses:
Please provide the recipient Pool addresses (chain name: address)
Ethereum: 0xE0ee5dDeBFe0abe0a4Af50299D68b74Cec31668e
Incentive Impact Statement:
Provide a brief statement on how you believe the token incentives from Season 2 will bolster user adoption for your protocol. Include potential impacts on user growth, engagement, and long-term sustainability.
S2 incentives will bolster adoption of pufETH on Venus markets. We have seen countless times that incentives are a very powerful way to help bootstrap a new market. We expect S2 rewards to grow the market on Venus significantly and bring awareness of Puffer to the Venus community.
Eligibility Verification:
Please provide a link to your protocol, confirming its active deployment on Puffer UniFi (this should include security audit status, open source status and it’s value add to the ecosystem. If you’re solely an asset provider, provide a verified contract address to your asset on Puffer UniFi.
Protocol Link: https://venus.io/
Security: Please see the security measures outlined in the VIP for the pufETH deployment on Venus here: Venus Protocol
Logo URL, please provide us with the logo (ideally IPFS):
Venus brand kit with logos: Brand kit | Venus Protocol
Any Other Resources e.g. direct URL to pool, docs, etc.
Link to Pool: Venus Protocol
Docs: https://docs-v4.venus.io/
Contact Information:
Provide contact details for further discussions, such as an email address, Telegram handle, or Discord username.
- TG: ethoranges
Questions for the Puffer Team or Community (Optional):
Please reach out in Discord for specific questions or feedback you’re seeking from the Puffer team or community to help refine your participation in Season 2.