New Web Product
Venus Protocol Launches Hub-Funded Spoke Markets
Venus Protocol, a decentralized finance (DeFi) platform, has launched Hub-Funded Spoke Markets, a new feature that integrates traditional finance (TradFi) with decentralized finance. This integration allows users to use ETFs tokenized as collateral to access liquidity without selling their assets. The feature supports three borrowing options: USDT, USDC, and U. The platform also offers open-term loans with a 80% loan-to-value (LTV) ratio and a reported borrow APY of 1.49%, subject to market changes. The new feature connects ETFs tokenized, stablecoins, and DeFi infrastructure, enabling traditional asset-backed assets to gain new on-chain utility.