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Venus ProtocolVenus Protocolby0x5176671de05380379399B669eD276Feec99D59cB0x5176…59cB

[BNB Chain] Add Support USD1 on Venus Core Pool

Voting ended 11 months agoSucceeded

Rationale

USD1 is a stablecoin issued by World Liberty Financial being onboarded to the BNB Chain Ecosystem and getting actively supported.

World Liberty Financial, the issuer, is a venture launched by the Trump Family, and listing USD1 is broadly aligned with Venus’ goals of boosting adoption in markets where growth potential is currently high.

Summary

  • In an environment where stablecoins now have over $250 billion in circulation, fiat-backed tokens like USD1 offer a layer of stability.
  • Strategic Opportunity: Listing USD1 provides our lending protocol with an asset that:
    • Diversifies collateral pools
    • Attracts institutional liquidity
    • Reinforces confidence with a token whose backing is anchored in low-risk assets.

Key Discussion Points

  1. Chaos Labs recommendations should support immediate Supply without collateralization while liquidity is onboarded
  2. Even though it’s relatively new this will be a high profile asset and perhaps Venus Community should consider it in the core pool

Off-Chain Vote

For, please proceed.
770.08K XVS100%
Against, do not proceed.
0 XVS0%
Quorum:1540%
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Discussion

Venus Protocol[BNB Chain] Add Support USD1 on Venus Core Pool

Timeline

Apr 16, 2025Proposal created
Apr 16, 2025Proposal vote started
Apr 17, 2025Proposal vote ended
Apr 17, 2025Proposal updated