Venus Protocol Expands
to ZKSync: A
New Era of Decentralized
Finance
Editorial Note: The following content does not reflect the views or opinions
of BeInCrypto. It is provided for informational purposes only and should not
be interpreted as financial advice. Please conduct your own research before
making any investment decisions.
Venus Protocol, a top 5 decentralized finance ( DeFi ) platform, just
announced its strategic deployment on ZKsync, a cutting-edge Layer 2 rollup
solution for Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum. This expansion marks a significant milestone in Venus
Protocol s mission to provide users with fast, cost-effective, and
secure DeFi products.
The deployment on ZKsync will initially feature key markets, including WETH,
WBTC , USDT, USDC.e, and ZK, allowing users to access a broad range of
products with enhanced efficiency. Venus will be deploying more markets by the
end of the year to ensure its users can have the full benefits of the
deployment. By leveraging ZKsync s robust infrastructure, Venus Protocol
aims to deliver high-speed transactions with single-cent gas fees , without
compromising on security and decentralization.
ZKsync s ecosystem, boasting over $1B in Total Value Locked (TVL) and
millions of active users, presents a unique opportunity for Venus Protocol to
tap into a vibrant DeFi landscape. The deployment will also benefit from
ZKsync s native interoperability and EVM compatibility, ensuring
seamless user experiences and broad blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн connectivity.
Sponsored
Sponsored
Furthermore, shortly after the deployment, the Venus Prime incentive program
will be available on ZKsync. This innovative program allows users to stake XVS
and earn a soulbound Prime status, unlocking higher rewards across available
pools.
We are excited to bring Venus Protocol to ZKsync, a move that aligns
with our vision of making DeFi accessible to everyone, said Brad
Harisson, Head of Venus Labs. This deployment not only enhances our
platform s scalability but also strengthens our commitment to delivering
top-tier products to our global community.
Marco Cora, Director at the ZKsync Foundation commented on the news: “DeFi
remains one of the core building blocks and use cases of any blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
ecosystem. As one of the top 5 DeFi protocols, we’re excited about this
deployment on ZKsync as it will provide the ecosystem with more liquidity and
will offer users a highly efficient, fast and cost-effective new money market”
This deployment is also set to further cement Venus as a leading money market
in the broader multichain DeFi ecosystem.
For more information, please visit Venus Wedsite or join the conversation on
their Community .
About Venus Protocol
Sponsored
Sponsored
Venus is a Top 5 lending protocol in the multichain DeFi space, currently
deployed on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, BNB chain, opBNB and Arbitrum . Venus is the most
audited DeFi protocol in the industry which makes users confident in the
safety of their assets once they deposit on Venus. All decisions regarding
Venus Protocol are made by Venus DAO , a fully-decentralized community
governed by the $XVS native token. With the $XVS token, users also have access
to Venus Prime, which ensures sustainable liquidity.
About ZKsync
ZKsync uses state-of-the-art zero-knowledge (ZK) technology to scale Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
and bring cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта into the mainstream: connecting millions of
developers and billions of people who need technology solutions to progress
and thrive. The ZKsync blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн network is rooted in the mission of
advancing human freedom and making digital self-ownership universally
available. ZKsync is a trustless, secure, reliable, censorship-resistant,
privacy-preserving, hyper-scalable, accessible blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн network.
To learn more about ZKsync, visit website
Top crypto projects in the US | September 2024
Exodus Explore
Coinrule Explore
Uphold Explore
Coinbase Explore
Chain GPT Explore
Top crypto projects in the US | September 2024
Exodus Explore
Coinrule Explore
Uphold Explore
Coinbase Explore
Chain GPT Explore
Top crypto projects in the US | September 2024
Exodus
Coinrule
Uphold
Coinbase
Chain GPT
Disclaimer
This article contains a press release provided by an external source and may
not necessarily reflect the views or opinions of BeInCrypto. In compliance
with the Trust Project guidelines, BeInCrypto remains committed to transparent
and unbiased reporting. Readers are advised to verify information
independently and consult with a professional before making decisions based on
this press release content. Please note that our Terms and Conditions ,
Privacy Policy , and Disclaimers have been updated.
