Venus Protocol Expands to ZKSync: Transforming Decentralized Finance
Venus Protocol’s Strategic Deployment on ZKSync
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. This expansion marks a significant milestone in Venus Protocol's mission to provide users with fast, cost-effective, and secure DeFi products.
Key Markets and Features
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.
Expanding Opportunities in DeFi
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 connectivity.
The Venus Prime Incentive Program
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.
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