Overview
This report aims to conduct a unified review of the Venus markets across all instances. Following a comprehensive analysis of on-chain data, we present deprecation recommendations for low-activity markets and evaluate highly active markets within isolated instances for potential inclusion in the Core Market. The goal is to improve overall capital efficiency across the Venus ecosystem and drive greater user participation.
BNB
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| BNB | 961.69K | $580.74M | 598.59K | −10.29% | −8.15% |
| USDT | 399.74M | $398.08M | 204.05M | –12.34% | +0.63% |
| USDC | 175.94M | $176.66M | 101M | –3.89% | +25.75% |
| ETH | 48.57K | $88.76M | 23.37K | +1.02% | –12.30% |
| FDUSD | 15.15M | $15.07M | 13.07M | –17.75% | –56.78% |
| XRP | 13.35M | $28.39M | 2.72M | +3.57% | +48.49% |
| VAI | - | $2.43M | 2.45M | - | - |
| DAI | 3.3M | $3.26M | 1.72M | +4.76% | –11.29% |
| TUSD | 94.63K | $94.46K | 48.26K | +65.24% | –37.00% |
| USDe | 5.02K | $5.03K | 4.05K | +0.40% | - |
| XVS | 670.12K | $3.88M | - | +17.75% | –11.99% |
| lisUSD | 1.05M | $1.05M | 347.72K | +5.00% | - |
| THE | 9.43M | $2.26M | 3.51M | –6.36% | +54.84% |
| DOT | 764.47K | $3.03M | 109.37K | +2.56% | +8.10% |
| TRX | 4.86M | $1.2M | 629.03K | –6.68% | –23.95% |
| BCH | 2.45K | $939.3K | 287.66 | +3.51% | +5.38% |
| SOL | 25.61K | $3.88M | 2.78K | +12.67% | +5,105.69% |
| MATIC | 1.97M | $437.93K | 142.63K | –27.31% | –28.62% |
| LINK | 362.6K | $4.88M | 18.58K | +1.96% | –13.47% |
| DOGE | 36.16M | $6.22M | 1.03M | +7.62% | –25.38% |
| FIL | 527.12K | $1.36M | 14.26K | –0.52% | +12.56% |
| ADA | 13.97M | $9.35M | 354.37K | +19.60% | +4.57% |
| AAVE | 5.9K | $1.01M | 334.75 | –1.67% | –37.23% |
| BTCB | 9.25K | $891.91M | 496.79 | +20.44% | +8.44% |
| LTC | 90.6K | $8.11M | 912.98 | –3.16% | –0.80% |
| CAKE | 12.15M | $30M | 128.34K | +12.71% | +3.49% |
| solvBTC | 420.71 | $40.92M | 12.08 | –53.38% | +11.36% |
| wBETH | 21.74K | $41.96M | 569.52 | +173.95% | +185.97% |
| TWT | 3.15M | $2.41M | 7.02K | +4.30% | +240.20% |
| UNI | 2.16M | $10.73M | 10.09K | +17.39% | +119.08% |
| sUSDe | 2.01M | $2.35M | - | - | - |
| BETH | 120.64 | $221.64K | 6.04 | –8.51% | –10.97% |
| PT-sUSDE-JUN2025 | 32.29K | $32K | - | - | - |
BTC Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| BTCB | 0.41 | $40.98K | - | –72.67% | –72.67% |
Liquid Staked ETH Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| ETH | 17.98 | $34.12K | 3.12 | 0.00% | +0.11% |
| wstETH | 3.72 | $8.5K | - | 0.00% | 0.00% |
| weETH | 3.7 | $7.5K | - | 0.00% | +14.55% |
Defi Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 198.79K | $198.79K | 16.17K | +3.04% | +1.60% |
| ankrBNB | 0.21 | $141.5 | 0.01 | 0.00% | 0.00% |
| ANKR | 81.67K | $1.5K | 3.42K | –74.45% | –75.42% |
| BSW | 971.95K | $36.86K | 5.21K | –23.77% | –26.48% |
| TWT | 57.27K | $44.81K | 111.36 | –0.05% | –12.55% |
| ALPACA | 53.32K | $20.82K | 24.26 | –85.23% | –69.46% |
| USDD | 10.15K | $10.15K | 464.32 | 0.00% | 0.00% |
GameFi Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 415.2K | $415.17K | 142.73K | –9.21% | –60.23% |
| USDD | 11.7K | $11.7K | 3.31K | 0.00% | –3.70% |
| FLOKI | 8.84B | $712.43K | 18.45M | +0.07% | –55.64% |
| RACA | 980.02M | $82.05K | 1.93M | 0.00% | +282.82% |
Liquid Staked BNB Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| WBNB | 1.02K | $633.17K | 889.18 | +27.68% | +152.99% |
| slisBNB | 1.17K | $749.26K | 217.48 | +637.91% | +330.59% |
| ankrBNB | 126.22 | $85.43K | 16.16 | +32.01% | +31.85% |
| BNBx | 254.05 | $172.93K | 0.06 | +0.03% | +18.31% |
| asBNB | 2K | $1.3M | - | +1,823.08% | +10,426.32% |
| PT-clisBNB-24APR2025 | 0.29 | $182.11 | - | - | - |
Meme Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 9.21K | $9.21K | 3.02K | +6.47% | +38.50% |
| BabyDoge | 61.16T | $82.08K | 1.33T | +11.65% | +11.73% |
Stablecoins Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 18.28K | $18.28K | 1.9K | +0.11% | –9.17% |
| lisUSD | 29.69K | $29.68K | 480.29 | –0.03% | –1.69% |
| USDD | 10K | $10.01K | 1.19 | 0.00% | 0.00% |
Tron Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 10.42K | $10.42K | 3.5K | +0.19% | –1.04% |
| TRX | 194.75K | $48.85K | 9.92 | +2.11% | –0.16% |
| BTT | 18.89B | $13.6K | 2.2M | –0.11% | –26.15% |
| USDD | 20.11K | $20.12K | 0.43 | 0.00% | 0.00% |
| WIN | 138.92M | $7.32K | 79.06 | 0.00% | −8.12% |
Recommendation
BNB Core Pool
We believe there are no assets in the Venus BNB Core Pool that require immediate deprecation. Among the 33 assets listed in the Venus BNB Core Market, only 6 have a total supply below $1M, while the rest exceed that threshold, with BTCB leading at $891M in supply. Of the six lower-supply assets, PT-sUSDE-JUN2025 and USDe were recently deployed. TUSD and BCH have both shown positive supply growth over the past month.
Regarding BETH and MATIC, both assets have maintained relatively stable supply levels over the past six months and are not entirely inactive—each recorded active transactions in the week leading up to this publication. While both have experienced some decline in total supply, their current supply remains above $200K, which is not low enough to justify immediate deprecation. Given this context, we do not recommend deprecating any assets within the Venus BNB Core Pool at this time, though continued monitoring is warranted.
BNB BTC Isolated Pool
We recommend deprecating the BTC Pool. Currently, the pool only contains BTCB, with a total supply of just 0.41 BTCB—approximately $40K—which is relatively small in the context of protocol-wide TVL. Additionally, the pool has shown no signs of growth over the past three months. Given the limited usage and persistent inactivity, we recommend deprecation.
BNB Liquid Staked ETH Isolated Pool
We recommend deprecating the BNB Liquid Staked ETH Pool, as its intended function is no longer supported. The pool was designed for users to supply liquid staked ETH assets—wstETH and weETH—and borrow WETH against them. However, both wstETH and weETH have remained inactive over the past three months, with negligible supply, no borrowing activity, and minimal market size. wstETH has shown no growth or decline during this period and currently has only three holders, with a total market value of less than $8.5K. Similarly, the weETH market exhibits the same characteristics, with only 3.7 weETH supplied, zero borrowing activity, and no observable growth trend.
Given the suggested deprecation of both collateral assets, the pool would no longer fulfill its intended purpose, rendering the remaining WETH market functionally obsolete. Therefore, we recommend deprecating the BNB Liquid Staked ETH Pool in its entirety.
BNB Defi Isolated Pool
We recommend deprecating USDD, ankrBNB, and ALPACA from the DeFi Pool. The recommendation to deprecate USDD is consistent with the rationale outlined in this post. Similarly, ankrBNB has shown no signs of growth over the past 90 days, with only $141.5 supplied and $10.5 borrowed—indicating extremely limited market activity and usage. Lastly, we recommend deprecating ALPACA, in line with the assessment provided in this post.
BNB GameFi Isolated Pool
We recommend deprecating USDD from the GameFi Pool, as previously proposed in this post.
Of the remaining two assets, RACA has seen a 282% increase in supply over the past three months, while FLOKI has experienced a decline in supply but continues to show on-chain activity. Therefore, we do not recommend any changes to these two assets at this time.
BNB Liquid Staked BNB Isolated Pool
We recommend deprecating PT-clisBNB-24APR2025 from the Liquid Staked BNB Pool, as it has already reached its expiry date on Pendle.
Other assets in the pool have shown growth over the past month and do not require deprecation at this time. However, their supply levels remain below the typical 1M threshold seen in Core Pool assets. We suggest continued monitoring to assess whether deprecation or migration to the Core Pool becomes necessary.
BNB Meme Isolated Pool
We recommend deprecating the BNB Meme Pool. The pool currently contains two assets: BabyDoge, with a total supply of $82.08K, and USDT, with only $9.21K supplied. This imbalance significantly limits the pool’s utility, as users supplying BabyDoge have little to borrow due to the low availability of USDT. Given the lack of practical use and constrained functionality, we recommend deprecating the pool.
BNB Stablecoin Isolated Pool
We recommend deprecating the BNB Stablecoin Pool. First, we have already proposed deprecating USDD, consistent with the recommendation outlined in this post. In addition, we recommend deprecating lisUSD, which has already been listed in the Core Pool and currently holds a relatively small position in the Stablecoin Pool, with less than $30K in supply and no growth observed over the past three months. Given that all relevant assets are either being deprecated or are better supported in other pools, we recommend deprecating the Stablecoin Pool in its entirety.
BNB Tron Isolated Pool
We recommend deprecating the BNB Tron Pool. First, we have already recommended deprecating USDD from this pool, consistent with the guidance outlined in this post. As for the remaining assets, WIN and BTT have shown no growth over the past 90 days. Both markets remain small in scale, with the WIN market holding only $7.32K in supply and zero borrowing activity, and BTT with just $13.6K supplied, indicating limited engagement and demand.
In addition, we recommend deprecating TRX from the Tron Pool, as it is already listed in the Core Pool with a significantly higher supplied value of $1.2M. Maintaining TRX in this isolated pool is redundant, as its main liquidity and usage have already migrated to the Core Pool. Given that all assets in the BNB Tron Pool are either inactive or better supported elsewhere, we recommend deprecating the pool in its entirety.
Ethereum
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 4.01M | $4.01M | 2.04M | –17.32% | +16.57% |
| USDC | 2.43M | $2.43M | 930.07K | –53.58% | –19.27% |
| WETH | 451.09 | $882.99K | 232.31 | +3.85% | –55.02% |
| WBTC | 50.7 | $5.06M | 2.59 | –29.49% | –45.34% |
| TUSD | 1.01M | $1.01M | 257.17K | 0.00% | 0.00% |
| BAL | 3.87M | $4.2M | 60.21K | +10.26% | +158.00% |
| DAI | 17.01K | $17.01K | 6.92K | –28.31% | –69.85% |
| EIGEN | 977.41K | $872.76K | 2.02K | +37.78% | +15,413.65% |
| crvUSD | 523.48 | $523.5 | 80.5 | 0.00% | –87.54% |
| sFRAX | 21.16 | $23.85 | 5.73 | 0.00% | 0.00% |
| FRAX | 42.6 | $42.62 | 0.36 | 0.00% | 0.00% |
| USDS | 10.01K | $10.02K | <0.0001 | 0.00% | 0.00% |
| LBTC | 0.4 | $40.54K | 0 | +233.33% | +300.00% |
| eBTC | 1.42 | $142.67K | 0 | –1.39% | +10.08% |
| yvUSDT-1 | 8.33K | $8.65K | 0 | 0.00% | 0.00% |
| yvUSDS-1 | 9.74K | $10.19K | 0 | 0.00% | 0.00% |
| yvWETH-1 | 3.93 | $7.89K | 0 | 0.00% | 0.00% |
| weETHs | 1.4K | $2.8M | 0 | 0.00% | +100.00% |
| sUSDS | 581.87K | $611.36K | 0 | +5,718.70% | +5,718.70% |
| yvUSDC-1 | 9.63K | $10.21K | 0 | 0.00% | +1.05% |
Liquid Staked ETH Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| WETH | 4.57K | $10.05M | 2.98K | –13.29% | –29.15% |
| weETH | 738.7 | $1.73M | 22.03 | +0.09% | –63.59% |
| pufETH | 18.9 | $43.47K | 0.64 | –81.48% | +278.00% |
| sfrxETH | 0.01 | $49.27 | 0 | 0.00% | 0.00% |
| wstETH | 15.2 | $40.2K | 0 | –11.88% | –76.49% |
| ezETH | 1.41 | $3.25K | 0 | 0.00% | 0.00% |
| PT-weETH-26DEC2024 | 1.79 | $3.95K | 0 | 0.00% | –82.78% |
| rsETH | 2 | $4.59K | 0 | 0.00% | 0.00% |
| weETHs | 30 | $67.67K | 0 | 0.00% | 0.00% |
Curve Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| CRV | 247.1 | $187.87 | 13.04 | 0.00% | 0.00% |
| crvUSD | 30.15 | $30.14 | 0.46 | 0.00% | 0.00% |
Ethena Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| sUSDe | 10K | $11.71K | 0 | 0.00% | 0.00% |
| PT-USDe-27MAR2025 | 10.61K | $10.62K | 0 | 0.00% | 0.00% |
| USDC | 10K | $9.99K | 0 | 0.00% | 0.00% |
| PT-sUSDE-27MAR2025 | 10.65K | $10.65K | 0 | 0.00% | 0.00% |
Recommendation
Ethereum Core Pool
We recommend deprecating sFRAX, FRAX, yvUSDT-1, yvUSDS-1, yvWETH-1, and yvUSDC-1 from the Ethereum Core Pool.
Both sFRAX and FRAX have remained inactive, with no change in supply over the past one and three months, indicating a sustained lack of user engagement. In addition, sFRAX and FRAX are currently being sunset in light of the recently launched frxUSD, and Venus’ exposure to them remains extremely small in scale. The sFRAX market currently has only $23.85 supplied, with approximately 5 sFRAX borrowed. The FRAX market holds $42.62 in supplied assets, with just 0.36 FRAX borrowed. Given their negligible market sizes and complete stagnation, we recommend deprecating these assets to streamline the pool.
We also recommend deprecating yvUSDT-1, yvUSDS-1, yvWETH-1, and yvUSDC-1. These four assets have shown no change in supply over the past three months, indicating continued stagnation. Additionally, their combined TVL remains relatively small, with total supply across all four assets below $50K—representing only 0.21% of the pool’s total $24.08M market size. Given their inactivity and limited contribution, we recommend deprecation.
Ethereum Liquid Staked ETH Isolated Pool
We recommend deprecating sfrxETH, and PT-weETH-26DEC2024 from the Ethereum Liquid Staked ETH Pool. PT-weETH-26DEC2024 has already reached its expiry date on Pendle, making it no longer relevant for continued support.
sfrxETH has remained inactive, with no change in supply compared to both one month and three months ago. In addition to its inactivity, the market is extremely small in size. sfrxETH currently has only $49.27 supplied with no borrowing. Given the lack of growth and minimal usage, we recommend deprecating all four of these markets.
Curve Isolated Pool
We recommend deprecating the Curve Isolated Pool, as both assets within the pool have remained inactive with no change in supply over the past three months. Additionally, the overall market size is extremely small, with only $218 worth of crvUSD and CRV supplied in total. Given the lack of activity and minimal usage, we recommend deprecation.
Ethena Isolated Pool
We recommend deprecating the Ethena Isolated Pool and listing sUSDe and USDe in the Ethereum Core Pool, as recommended in this post.
Arbitrum
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT0 | 1.86M | $1.86M | 1M | +9.09% | +9.09% |
| USDC | 2.16M | $2.16M | 942.17K | +22.03% | +13.68% |
| WETH | 425.66 | $850.89K | 268.38 | +17.97% | +6.71% |
| WBTC | 42.97 | $4.28M | 1.19 | –1.72% | –17.24% |
| ARB | 3.11M | $1.03M | 118.91K | –2.51% | –6.04% |
| gmBTC-USD | 162.12K | $385.09K | 0 | +51.61% | +2,267.07% |
| gmETH-USD | 183.27K | $257.47K | 0 | +2,006.77% | +549.86% |
Liquid Staked ETH Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| WETH | 1.09K | $2.43M | 751.2 | +6.24% | +52.34% |
| weETH | 907.14 | $2.14M | 3.04 | −4.01% | +81.52% |
| wstETH | 68.32 | $182.07K | <0.0001 | 0.00% | +268.60% |
Recommendation
Arbitrum Core Pool
We do not recommend making any changes to the Arbitrum Core Pool at this time. Among the seven assets in the pool, four have reached a total supply value of over $1M and continue to exhibit strong market activity. The remaining three assets — WETH, gmBTC-USD, and gmETH-USD — have all shown growth in supply over both the past one and three months, indicating positive market behavior. Based on these observations, we see no need for any deprecation or adjustments within the Arbitrum Core Pool.
Arbitrum Liquid Staked ETH Isolated Pool
We do not recommend making any changes to the Arbitrum Liquid Staked ETH Pool at this time, as all its assets demonstrate significant demand and usage.
ZkSync
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| wUSDM | 881.84K | $950.5K | 934.48K | 0.00% | –56.56% |
| WETH | 789.97 | $1.74M | 304.16 | –16.57% | –75.32% |
| USDT | 897.02K | $896.84K | 561.11K | +2.59% | +42.35% |
| USDC.e | 876.61K | $876.62K | 546.7K | –15.82% | –88.64% |
| USDC | 278.37K | $278.37K | 102.74K | –7.41% | –98.75% |
| WBTC | 15.04 | $1.54M | 0.85 | –9.12% | –83.30% |
| ZK | 94.27M | $6.91M | 839.47K | –8.92% | –49.96% |
| wstETH | 2.5 | $6.64K | 0.08 | 0.00% | 0.00% |
| zkETH | 3.86 | $8.64K | 0 | –50.45% | +3.49% |
Recommendation
ZkSync Core Pool
We do not recommend making any changes to the zkSync Core Pool. While the TVL of wstETH is minimal, with only $6.64K supplied, the asset does not present additional risks and reflects a unified strategy for LSTs across deployments.
Base
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| WETH | 5.01 | $12.09K | 4.08 | –30.12% | –1.57% |
| cbBTC | 0.08 | $8.49K | 0 | –2.37% | +47.95% |
| USDC | 5.61K | $5.61K | 872.62 | +3.14% | –41.37% |
| wstETH | 2.5 | $7.25K | 0 | 0.00% | 0.00% |
| wsuperOETHb | 7.87 | $20.12K | 0 | –20.26% | –19.94% |
Recommendation
Base Core Pool
We do not recommend making any changes to the zkSync Core Pool. While the TVL of wstETH is minimal, with only $7.25K supplied, the asset does not present additional risks and reflects a unified strategy for LSTs across deployments.
opBNB
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow | 1-Month Supply % Change | 3-Month Supply % Change |
|---|---|---|---|---|---|
| USDT | 2.75K | $2.75K | 726.36 | –7.22% | +0.77% |
| FDUSD | 1.97K | $1.97K | 432.74 | –0.30% | –61.23% |
| WBNB | 7.53 | $4.77K | 0.2 | –1.05% | –73.40% |
| BTCB | 0.04 | $4.51K | 0 | +5.26% | 0.00**%** |
| ETH | 0.63 | $1.51K | 0.01 | 0.00% | –10.00% |
Recommendation
opBNB Core Pool
We recommend no changes to the opBNB Core Pool. While individual asset TVLs are minimal, the market remains useful for initial testing, as demonstrated by the recent Capped Oracle proposal.
Optimism
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow |
|---|---|---|---|
| USDT | 6.08K | $6.08K | 1.73K |
| USDC | 5.51K | $5.51K | 825.47 |
| WETH | 3.94 | $9.24K | 0.13 |
| OP | 12.76K | $9.6K | 19.33 |
| WBTC | 0.08 | $7.91K | <0.0001 |
Recommendation
Optimism Core Pool
We do not recommend making any changes to the assets in the Optimism Core Pool. Although the TVL of each of the five listed assets remains relatively modest, all demonstrate a reasonable level of activity and engagement. Given the current state of the pool, each asset continues to serve a functional purpose, and no deprecation or adjustments are warranted at this time.
Unichain
Core Pool
| Asset | Total Supply | Total Supply (USD) | Total Borrow |
|---|---|---|---|
| WETH | 2.91K | $6.38M | 2.91K |
| USDC | 10M | $10M | 7.69M |
| UNI | 800.48 | $5.08K | - |
Recommendation
Unichain Core Pool
We do not recommend making any changes to the Unichain Core Pool at this time. Since its recent launch, Unichain has demonstrated strong user engagement, with WETH and USDC reaching significant TVL levels of approximately $6M and $10M respectively. UNI also continues to function as an active market within the pool.
Given the positive activity and healthy utilization, we see no need for deprecation or reconfiguration. We recommend continued monitoring to ensure sustained performance and growth over time.
Specification
Deprecation
Chaos Labs recommends the deprecation of the following markets:
BNB
- BTC Pool
- Stablecoin Pool
- Tron Pool
- Meme Pool
- Liquid Staked ETH Pool
- Defi Pool: USDD; ankrBNB; ALPACA;
- GameFi: USDD
- Liquid Staked BNB Pool: PT-clisBNB-24APR2025
Ethereum
- Curve Isolated Pool
- Ethena Isolated Pool
- Liquid Staked ETH Pool: sfrxETH; PT-weETH-26DEC2024
- Core Pool: sFRAX; FRAX; yvUSDT-1; yvUSDS-1; yvWETH-1; yvUSDC-1
Migration
Chaos Labs recommends the migration of the following assets:
Ethereum
- sUSDe from the Ethena Pool to the Core Pool
- USDe from the Ethena Pool to the Core Pool
Next Steps
Following the above analysis and its approval through governance, we propose the following deprecation plan:
- Pause MINT - complementary to setting supply caps to 0
- Pause BORROW - complementary to setting borrow caps to 0
- Pause ENTER_MARKET - will not allow users to start using the paused assets as collateral. This update will not affect users who have already enabled the assets as collateral.
- Set Collateral Factor to 0 in the markets in which it does not affect liquidations
Disclaimer
Chaos Labs has not been compensated by any third party for publishing this recommendation.