Venus (XVS) is a decentralized finance (DeFi) platform that operates on the BNB Chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit a variety of cryptoassets, which can then be borrowed. Unlike traditional financial systems where interest rates are often set by central entities, Venus employs a unique algorithmic approach. The interest rates for borrowing and lending on Venus are dynamically adjusted based on an interest rate model. This model takes into account the utilization ratio, which is the proportion of deposited assets that have been borrowed.

Venus Protocol officially announced on social media that the Binance oracle team has discovered and fixed the issue. However, due to caution, the snBNB market and two other markets with similar Binance oracle configurations (agEUR, stkBNB) will remain suspended. Other markets are still fully functional and unaffected. The suspension is just a precautionary temporary measure.

Venus Protocol posted on social media that due to a Binance Oracle price feedback issue in the isolated LST BNB pool today, the snBNB market is currently suspended. Out of caution, two other isolated markets (agEUR, stkBNB) are also suspended.

CertiK posted on social media that Venus Protocol may have been attacked and reminded users to pay attention to fund security.

On December 2nd, according to Arkham monitoring, VBTC whale (address starting with 0x1E7) just deposited $14 million worth of BTCb into Venus Protocol, bringing its total deposits to over $28 million. This address is the fourth largest VBTC holder with a trading volume of over $750 million in the protocol.

According to Arkham monitoring, VBTC whale (address starting with 0x1E7) has just deposited $14 million worth of BTCb into Venus Protocol, bringing its total deposits to over $28 million. This address is the fourth largest VBTC holder, with a trading volume of over $750 million in the protocol. In addition, two days ago, the address borrowed $5 million worth of USDT on Aave and immediately deposited it into Binance.

Venus Protocol has launched a snapshot vote on X platform for "deploying Venus on the Ethereum mainnet", with a 100% voting support rate.

Venus Protocol has announced support for UNI tokens. UNI token holders can use this protocol to earn interest, borrow, or participate in liquidity mining.

LayerZero Labs announced on X platform that its proposal to integrate Venus Protocol with LayerZero has been approved.