Venus USDT Project Update

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Biggest Stories of 2025

• Venus Liquidity Hub USDT and USDC Onboarding Approved (VIP-650): The Venus DAO approved onboarding the Liquidity Hub on BNB Chain for USDT and USDC, with each Hub acting as a per-asset ERC-4626 allocator vault that routes deposits across Venus yield families and returns a yield-bearing share token. This remains a foundational piece of Venus's yield infrastructure for its stablecoin markets. (August 5, 2026)
• Venus Liquidity Hub U Onboarding Approved (VIP-651): The DAO approved onboarding the U token to the BNB Chain Liquidity Hub, completing the two-part launch set alongside VIP-650. The split was necessary because provisioning all three assets in one transaction would exceed BNB Chain's per-transaction gas cap. (August 5, 2026)
• Venus BNB Chain Liquidity Hub Proposal: A forum post proposed activating the Liquidity Hub on BNB Chain for USDT, USDC, and U, with one Hub per asset connecting to Venus Core Pool, Venus Flux, and Institutional Fixed Rate Vaults. This proposal set the framework that the subsequent VIPs executed. (August 3, 2026)
• Venus Trade Launches on BNB Chain: The Venus team launched Venus Trade, a relative performance trading product built on Venus's lending infrastructure that lets users express a view that one asset will outperform another via combined long and short legs. It remains a notable expansion of Venus's product suite beyond core lending. (May 4, 2026)
• Venus Yield+ Proposed: The team published a forum post proposing Venus Yield+, a product enabling relative performance trading between two assets through a single position, with Phase 1 targeting BNB Chain. This was the precursor concept to the later Venus Trade launch. (April 10, 2026)
• Enable BNB E-Mode Group (VIP 554): The community passed a proposal adding a new slisBNB market to the BNB Chain Core pool and creating a "BNB" E-Mode group including WBNB, asBNB, and slisBNB. This expanded Venus's capital efficiency features on its primary chain. (October 14, 2025)
• BNB Chain Core Pool E-Mode Executed: The Venus team confirmed that E-Mode was live, initially featuring the stablecoin group, with BTC and BNB E-Mode groups expected to be configured soon. This marked the activation of a key capital-efficiency feature for stablecoin borrowers and lenders. (October 1, 2025)
• BNB Chain Core Pool E-Mode Proposed: The Venus DAO approved two onchain proposals (VIPs 547 and 548) to add E-Mode support in the Core pool on BNB Chain, enabling a "Stablecoins" E-Mode group with the USDe, sUSDe, USDT, USDC, and PT-USDe-30OCT2025 markets. This laid the groundwork for the E-Mode activation that followed. (September 29, 2025)
• Venus Port: The Venus Protocol introduced the Venus Port feature, allowing users to import existing supplied positions to Venus with no gas fees. This lowered friction for users migrating positions onto the protocol. (July 21, 2025)
• Maxwell Hardfork Upgrade Part 2: Voting ended and passed with 100% support for a proposal to implement key changes maintaining correct protocol behavior amid increased BNB Chain block production speeds from 1.5 seconds to 0.75 seconds. This ensured proper interest accrual and reward distribution post-hardfork. (June 20, 2025)
• Safe Integration: Venus was integrated into Safe smart wallets, enabling smart wallets to lend, borrow, and earn on Venus natively. This broadened Venus's accessibility through a widely used wallet infrastructure. (May 20, 2025)
• Venus v1.18.2 Released: A software release added an F3 environment variable and set the initial power table for mainnet. (May 16, 2025)
• Venus Protocol Reimbursement Vote: Venus Protocol, based on Binance Smart Chain, moved to approve a $1.7 million reimbursement to Venus Labs for work done in the latter half of 2024, paid in BTC, BNB, ETH, and USDT, following omnichain expansions and a new interest rate model. This funded continued development toward the Venus V5 iteration. (April 8, 2025)
• Venus v1.18.0 Released: A release introduced improvements, optimizations, and fixes across the codebase, including new RPC commands and F3 functionality enhancements. (April 1, 2025)
• XVS Unichain Deployment: Following the passing of VIP 352, the Venus Protocol team announced that XVS was live on Unichain. This extended Venus's governance token to a new chain. (February 20, 2025)
• Unichain Deployment Executed: Voting on the proposal to deploy Venus Protocol on Unichain ended and passed with 100% support. This marked Venus's expansion to the Unichain network. (February 13, 2025)
• Unichain Deployment: Venus Protocol went live on Unichain with initial support for USDC and WETH, with parameters set per VIP 449. This established Venus's presence on a new layer-2 network. (February 12, 2025)
• Unichain Deployment Proposed: Voting began on a proposal to deploy the Venus Protocol on Unichain, with next steps including additional audits, co-marketing campaigns, and integrations. This initiated the process that led to the Unichain launch. (February 5, 2025)