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Venus ProtocolVenus Protocolby0x5176671de05380379399B669eD276Feec99D59cB0x5176…59cB

Add support for Ether.fi’s weETH to the Venus Core pool on Unichain

Voting ended 11 months agoSucceeded

Summary: This proposal seeks to list Etherfi’s weETH as a supported collateral and borrowable asset on Venus Protocol’s Unichain deployment. Etherfi is aiming to scale the usage of weETH on Unichain as a DeFi hub for capital efficient collateral.

Motivation: Etherfi is the leading decentralized, non-custodial liquid staking protocol on Ethereum, with over $5.3B in total value locked. Its restaked liquid staking token, weETH, is rapidly gaining adoption across DeFi ecosystems. Further information about holdings, liquidity, & deployments can be found from the following suite of analytics - https://dune.com/ether_fi/etherfi .

Listing weETH on Venus Unichain will support Venus’s money markets by providing additional ETH-based assets to the Unichain deployment, providing additional yield bearing collateral options for Venus users.

Benefits:

  • Enhanced Market Offering: Enables Venus users on Unichain to supply, borrow, and earn with a blue-chip, yield-bearing ETH derivative.
  • Marketing Support: Etherfi will join Venus in co-marketing this initiative to bring awareness of this new market to Ethereum users and the Etherfi community.
  • Ecosystem Alignment: Strengthens Venus’s positioning within the broader Etherfi and restaking narrative.

We look forward to receiving feedback on this proposal and look forward to supporting Venus with their Unichain deployment.

Off-Chain Vote

For, please proceed.
805.46K XVS100%
Against, do not proceed.
0 XVS0%
Quorum:1611%
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Discussion

Venus ProtocolAdd support for Ether.fi’s weETH to the Venus Core pool on Unichain

Timeline

Apr 29, 2025Proposal created
Apr 29, 2025Proposal vote started
Apr 30, 2025Proposal vote ended
Apr 30, 2025Proposal updated