This proposal requests Venus Protocol recognize UTL Protocol (Universal Transaction Layer) as an official partner router on BSC, and open discussion on listing KENO token (0x65791E0B5Cbac5F40c76cDe31bf4F074D982FD0E) as a Venus market. UTL’s wrapper contract routes Venus lending operations through a fee layer that generates rewards for USDC stakers while actively driving new user deposits into Venus.
Background
UTL Protocol is a sovereign fee redistribution layer built on BSC Mainnet by Kenostod Blockchain Academy LLC and the T.D.I.R. Foundation. It operates across multiple BSC protocols, injecting a small fee into DeFi transactions and distributing that revenue to USDC stakers:
60% → USDC staker rewards
25% → T.D.I.R. Foundation
15% → Protocol treasury
The UTL FeeCollector is deployed on BSC Mainnet: 0xfE537c43d202C455Cedc141B882c808287BB662f
The Integration: UTLVenusWrapper
UTLVenusWrapper.sol is a router contract that wraps Venus Protocol’s core lending operations — supply, borrow, repay, and redeem. Users route through UTLVenusWrapper instead of Venus directly and receive:
Identical execution — same Venus Comptroller (0xfD36E2c2a6789Db23113685031d7F16329158384), same collateral ratios, same interest rates
UTL loyalty points — accrued per dollar of Venus activity, redeemable for KENO tokens
KENO token rewards — distributed to active Venus users who route through UTL
UTL charges 0.05–0.15% on lending operations (lower on supply, higher on borrow/repay), forwarding those fees to USDC stakers. Users receive KENO loyalty rewards that exceed the fee cost at current KENO valuations.
What This Does for Venus
TVL growth — UTL brings its user base to Venus by making Venus the exclusive lending layer for UTL’s ecosystem. Every UTL user base to Venus by making Venus the exclusive lending layer for UTL’s ecosystem. Every UTL user who wants maximum KENO rewards routes their lending through Venus.
New market candidate: KENO — KENO is a BSC-native BEP-20 token (1B supply) with an active staking and rewards economy. Listing KENO as a Venus isolated market would allow KENO holders to use their tokens as collateral — driving demand for KENO and Venus TVL simultaneously.
Protocol revenue — UTL routes volume to Venus, increasing interest income for Venus liquidity providers.
BSC ecosystem alignment — UTL is BSC-only with no multichain dilution plans. All activity stays on the BNB Chain, directly benefiting Venus’s core market.
Governance Path
This discussion post precedes a formal VIP. We are seeking community feedback on two questions:
Is the community open to recognizing UTLVenusWrapper as an official third-party router in Venus documentation and UI?
Is there appetite for a KENO isolated lending market on Venus?
If the community response is positive, we will proceed to a formal VIP with full risk parameters for the KENO market proposal.
UTLVenusWrapper source: github.com/Keno2121/kenostod-blockchain/contracts/utl/UTLVenusWrapper.sol
Contact:
[email protected]