

Jay
2.4K posts

@Jayonchainn
Fam @VenusProtocol || Venus Stars India || https://t.co/UgFRELHmQv ||









Venus now has two lending products: Core and Flux (powered by @0xfluid). Many users assumed Flux would cannibalise Core's liquidity, but it hasn't. Flux is a fundamentally different system: different architecture, different mechanics, different purpose. Here's how Flux operates differently than Core. 🧵





Venus Flux 1 month in. $163M+ already supplied. 📈 $1M launch rewards are still live and there’s still time to earn your share. Supply stablecoins. Earn continuously. 🪙 Total Rewards Pool: $1,000,000 ⏳ ~30 days remaining 💰 Your Share = Your Supply × Time Supply early. Supply more. Earn more. Start earning 👇 flux.venus.io


🚨 Venus Protocol has zero exposure to rsETH and incurred no bad debt. However, as a precautionary measure following the advice of our risk manager @Allezlabs, we have temporarily set the collateral factor of the following assets to 0: USDe, sUSDe, SolvBTC, xSolvBTC, USD1, XAUM Users can still repay and withdraw these assets directly via the Venus UI. To reiterate, Venus was not affected by the hack and all user funds remain safe. We will provide updates when the collateral factor of these assets returns to normal.
