[ANN] Venera - PoW/Sharded ZK-SNARKs Payment Layer / CPU mined

[veneralabs]

VENERA - A proof-of-work stablecoin ecosystem morphing into on a Layer1 zk-Proof-Backed Sharded Blockchain for Scalable and Decentralized Computation

The ecosystem is structured into two main layers:

1. The Venera PoW Layer – where VNR operates as a privacy-focused, Proof-of-Work cryptocurrency that provides the collateral base for stablecoins. These stablecoins are minted through an overcollateralized Proof-of-Work mechanism, ensuring stability and security.

2. The Venera Payment Layer – a sharded Proof-of-Stake blockchain designed for high-throughput settlement with the help of ZK-SNARKs. This layer1 will enable scalable stablecoin payments, fast transaction finality and settlement of VNR-backed assets.

Whitepaper: https://veneralabs.org/whitepaper

The Venera PoW Layer
The Venera Proof-of-Work layer is the foundation of the VNR token lying at the core of the ecosystem. This consensus mechanism was chosen due to its superior decentralization capability for a foundational layer, allowing anyone with a device capable of performing computation to become part of the distributed network. The codebase derives from the Cryptonote protocol and Monero.

Venera is not just a project; it is a process of evolution. The Cryptonote foundational base serves as the starting point, providing strong privacy and fungibility in the early phase of the network. From this foundation, Venera expands into a broader ecosystem centered around USDV and EURV, an overcollateralized stablecoin backed by VNR. Over time, the ecosystem evolves further with the introduction of the Venera Payment Layer, a sharded ZK-Proof Proof-of-Stake chain that enables scalable stablecoin settlements, high-throughput transactions, and privacy-preserving payments.

VNR (PoW) Tokenomics:
96,000,000 maximum supply + 2.5 VNR per block tail emission
7,500,000 genesis block allocation paritioned as follows:
• 2,000,000 allocated for fundraising token sales for venture capital or angel investors (or mining buybacks, read below)
• 3,000,000 to fuel staking rewards with up to 20% APY
• 750,000 development allocation
• 1,000,000 collateral emergency reserve
• 750,000 reward incentives
Block time: 60 seconds
Ticker: VNR
Algorithm: RandomX
Block Rewards: 70% miners, 30% Vault (necessary to keep social incentives and staking yields as genesis allocation gets distributed)

Our goal is to exhaust genesis funds by distributing them through various incentives.
The view keys to the Vault Wallets are available in our Discord server.

The Venera Payment Layer
The Venera Payment Layer is a Layer 1, sharded Proof-of-Stake blockchain using zk-SNARK proofs to enable scalable and verifiable transaction settlement set to launch in 2026. Validators process transactions in parallel within shards, with rotating leaders generating succinct proofs. Cross-shard verification is handled by a subset of shard leaders, ensuring atomic transfers and preventing double-spends without the need for a central beacon chain and data availability committees ensure rapid finality without full re-execution. The payment layer is tailored for VNR-backed stablecoins (USDV, EURV), providing a high-throughput, secure, and verifiable payment layer for decentralized finance and peer-to-peer transactions, with VNR serving as the native gas token to power transaction execution, block validation, and zk-proof verification. VNR tokens on the Proof-of-Stake chain have no total supply limit and inflation control mechanisms are kept in mind. Our protocol design localizes and isolates potential Eclipse attacks without affecting the global consensus or cause double-spends.

EURV and USDV Collateral Model
Once the Venera Payment Layer launches, users can mint and redeem USDV and EURV stablecoins using PoW-mined VNR as primary collateral. PoS-earned VNR, generated as block rewards, cannot be used directly for stablecoin minting initially, preventing inflation from destabilizing the peg. PoS VNR serves as the native gas token and validator incentive, creating real network demand without affecting stablecoin backing. If minting with PoS VNR is later enabled, it will be strictly controlled: only a discounted fraction of its value counts, or it must be time-locked, and the DEX dynamically calculates the maximum mintable stablecoins from the PoS pool based on current locked amounts, VNR price, and target collateral ratio. Redemption prioritizes PoW VNR first, ensuring that even if PoS supply inflates or market volatility occurs, the stablecoin remains fully backed.

Starting in 2026 Venera Labs will begin issuing Venera Prepaid Cards in EURV or USDV and Point-of-Sale payment terminals.

Links:
🌎 Website: https://veneralabs.org/
💼 Wallet: https://wallet.veneralabs.org/
🖥️ Github: https://github.com/veneraproject (closed until Layer1 development starts/during fundraiser)
🔄 Exchange: https://app.veneralabs.org/

🐦 Twitter/X: https://x.com/VeneraLabs
👥 Discord: https://discord.gg/TWeJP7UYvy
👥 Telegram: https://t.me/VeneraLabs

Mining:
Mining will be done through our Adaptive-Algo Venera Pool. The pool uses a modified xmrig-proxy as codebase with additional code to allow partitioning to mine multiple altcoins in parallel, or merge mined if compatible, on average yielding a higher return than mining most CPU PoW coins directly.
The pool uses profitable altcoins mined as liquidity to issue VNR buybacks on our exchange and pay out miners in USDT alongside VNR, in equal 1/1 proportion between buybacks and payouts.

The Pool only mines Venera PoW mainnet blocks periodically to process VNR payouts. The VNR paid is calculated based on flex-hashrate contribution and funds are drawn from The Vault. Users will be able to run their own nodes and pools once the fundraiser is over, as mentioned previously, the project is a gradual process from launch to final form.

⛏️ Pool: https://pool.veneralabs.org/

⛏️ Payout interval: 15 minutes
⛏️ Payout assets: VNR and USDT


Venera Exchange:
Our exchange supports instant swaps and limit orders with NO KYC, NO E-mail, only a Venera seed phrase.
Users can fund their VNR and USDT spot balances through the Venera Wallet. This Spot Balance will reflect on the exchange. It takes a few clicks to choose amount to transfer to Trading Balance in order to be able to place limit orders. The spot USDT balance does not use a centralized wallet, meaning users may restore their balance to apps like Trust Wallet.

USDT deposits/withdrawals are on Binance Smart Chain because of low fees, with TRC-20 and ERC-20 planned for integration. This means users need to deposit a small BNB amount to the same address within the Venera Wallet, generally a few cents, to pay for gas fees.

Other assets like XMR, ETH, BTC, LTC and many others will be listed in the future.

Important Note:
There are different stages for everyone to join Venera.
Small mining farms with low profitability due to costs cannot afford speculative mining. It's up to each miner to decide, our Venera Adaptive-Algo Pool can offset costs with USDT payouts, however, it depends on every miner's costs.
Venera is meant to evolve, therefore not every stage will be convenient or liked by everyone, from the initial distribution, to Proof-of-Work being phased out in favor of Proof-of-Stake.
The Venera PoW layer source code will remain closed until the fundraiser is over. This codebase contains only minor modifications from its Cryptonote/Monero origin. The Payment Layer will be built, funded and audited in public.

All future updates will be posted in this thread.
Enjoy your stay and happy mining to all :-)
- Yaron Kozak, Head of Development @ Venera Labs

[YTTRREY]

What price do you plan to set for VNR?

[veneralabs]

What price do you plan to set for VNR?

Our goal is to maintain stability at $0.01 through buybacks in order to have a reliable way to calculate collateral required when the EURV and USDV stablecoins are launched.
Any other price target is for the market to decide.

[Eddyc]

https://www.publish0x.com/crypto-bits/veneravnr-preserving-privacy-and-providing-a-key-asset-xywkmqw

Preserving Privacy and Providing a Key Asset...

[veneralabs]

Here's what happened since launch one month ago:

• Paid out over 2500 USDT to miners in the form of payouts and token buybacks
• Added discord channels to track payouts and buybacks
• Updated Wallet UI/UX
• Venera Staking Milestones:
  • 5,000 VNR staked → 2 Daily Crates
  • 10,000 VNR staked → 4 Daily Crates
  • 25,000 VNR staked → 2 Platinum Crates
  • 50,000 VNR staked → 2 Platinum & 1 Tether Crates
  • 100,000 VNR staked → 5 Platinum & 3 Tether Crates
  • The crate rewards are reoccuring for every 30 days the coins are staked.
• Major Mining Pool updates:
  • UI/UX updated
  • Systematic USDT payouts
  • Mining Calculator
  • Mining Comparator
  • Individual Worker monitoring
  • HiveOS support (by registering mining address)
• Mining Marathons: the community voted for Sundays, a 24h period with 10% boosted VNR&USDT payouts each week
• Updated exchange matching engine
• Venera Wallet support for BNB

What to expect in the upcoming month:

• Trust Wallet support allowing users to import their ERC-20 Venera Wallet into external apps
• Marketing campaign through community incentives and our ambassador platform to earn crates by completing tasks
• Economic Model Research Paper
• PoS Sharded Layer Research Paper
• ERC-20 token listings on the Venera Exchange and Wallet
• Venera PoW layer explorer
• And many more proposals from the community.

The Venera Community is the most active on Discord: https://discord.gg/2nHRnDRDjZ
Join us today and start earning USDT and VNR directly to your wallet from our mining pool (https://pool.veneralabs.org).

[veneralabs]

Last week we organized the first Mining Marathon!
The community has voted and chosen Sundays for Mining Marathons, what are these events you may ask?
Mining marathons last 24 hours starting at midnight UTC on Sundays.
During these 24 hours the mining rewards in VNR & USDT are boosted by +10%.

Weekly Staking event expires tomorrow on Saturday!
Every week we give out a staking task to complete, this is separate from the staking milestone rewards.
This week's task requires users to stake a minimum of 1250 VNR to receive a Platinum Crate and 2500 VNR to receive a Tether Crate.
The purpose of this event is to incentivize users to stake funds to earn yield and crates with VNR and USDT prizes.

Other minor updates
We are constantly improving UI/UX across our platforms. The Venera Exchange has received updates across the Pairs section with neat charts.
The exchange will integrate our Automated Market Making (AMM) software starting next week. This update will include a more systematic approach to VNR buybacks.

[13y85t]

Nice.
What do we mine while marathon ?

[veneralabs]

The assets mined during the Mining Marathon are the same as mined normally. It's a mix of the most profitable CPU mined coins available at that time.
VNR and USDT rewards are bumped by 10% during each mining marathon.

Our pool constantly ranked 20-50% profit over every other CPU mined Proof-of-Work coin for the last month in combined payouts.
The long term goal is to maintain a slight edge in profitability in order to encourage PoW decentralization through mining, although the Algo-Adaptive pool is just one feature of the ecosystem, not its core element.

[13y85t]

Ok so we mine xmr like qubic.

But since nothing changes in the miner logs, there is no source code, no node, no wallet cli, no explorer and we cannot solo I assume that we mine xmr permanently and that we are paid in vnr and usdt. right ?

[veneralabs]

You can argue it's similar. However Qubic is limited to XMR because at their hashrate it's the only coin with market depth to cover sales.
Our stack of mined assets consists of XMR, QRL, SAL, ZEPH, XTM and other small CPU mined coins. Which coin is mined is determined by profitability and order book depth on its available exchanges with a slippage limit of 10%, if the assets can't be sold instantly due to slippage, they are held and the hashrate is partitioned to the next most profitable coin.

An explorer will be released in the coming days with transparency reporting.
Adaptive-Algo mining is strictly for funding incentives, the whole project is not centered around it. Please read the whitepaper and community discussions in our Discord.

[veneralabs]

The community has requested it, we delivered.
Venera Block Explorer is now live: https://explorer.veneralabs.org/

[veneralabs]

Mining Pool Update
The mining pool received multiple updates:

• USDT payout history
• Payout composition describing how much each asset mined contributed to that payout (XTM, XMR, QRL, SAL, ETI...)
• Improved flex-mining algorithm yielding 3-10% higher USDT net earnings

Wallet Updates
The 6-14th November period will deploy numerous updates to the web wallet:

• UI/UX updates
• Performance upgrade, faster sync times
• In-wallet coin swaps
• Live notification system
• Explorer integration inside wallet
• Desktop GUI wallet coming soon

Here's a list of new wallet features already implemented:

• Sending to @username instead of long addresses
• Registration of @username inside wallet costs 10 VNR

If you're not a member yet, join us on Discord to not miss any updates: https://discord.gg/TWeJP7UYvy

[veneralabs]

Two-Factor Authentication added to the Venera Wallet
Now the Venera Wallet supports 2FA OTP codes.

Here's a quick guide on how to set it up:

1. Download Google Authenticator or the OTP auth app of your choice
2. Restore your Venera wallet using seed phrase
3. Click on the settings button top right corner
4. Wait 5-10 seconds
5. Click on "Two-Factor Authentication"
6. Click "Generate 2FA Secret"
7. This 2FA secret key is only shown ONCE make sure to save it else you will need admin support to reset
8. Click "I have saved my 2FA secret"
9. Enter the 2FA secret key into Authenticator app


Live notifications inside the wallet are going live in a few hours so users won't miss any updates, challenges, reward crates or news.