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Venus Alerts Users to WBETH Price Depegging and Liquidations

Venus Protocol commits to covering losses from the WBETH price depegging event on October 11, 2025, using its risk fund to compensate verified users.

Summary

Venus Protocol has pledged compensation for verified users impacted by the WBETH price depegging that took place during a liquidation event on October 11, 2025, between 05:36 and 06:16 Beijing time. The losses will be covered from the protocol's risk fund, ensuring financial support for affected users.

Terms & Concepts
  • WBETH: Wrapped Beacon ETH, a tokenized version of staked ETH from Ethereum’s Beacon Chain, used for DeFi activities.
  • Depegging: When the value of a pegged asset diverges significantly from its intended reference price, often causing market disruption.
  • Oracle: A service that provides external data, such as asset prices, to smart contracts on a blockchain.