VENERA
The Private Stablecoin Ecosystem
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What is Venera?
Venera is being developed as a private stablecoin ecosystem built around a dual-layer architecture combining a privacy-focused, CryptoNote-derived Proof-of-Work monetary layer with Omnivera, a sharded Proof-of-Stake payment network.
The Venera PoW chain provides the monetary foundation and primary collateral asset, VNR, while Omnivera is designed to provide scalable stablecoin settlement, public smart contracts, cross-shard execution and optional privacy through zero-knowledge proofs.
Stablecoins such as USDV are designed to be issued only against pre-existing locked VNR collateral, initially targeting a highly overcollateralized reserve model.
Together, PoW security, PoS finality, sharding and ZK validity proofs form the foundation of an ecosystem focused on private payments, transparent reserve accounting and scalable stablecoin settlement.
Please refer to the Whitepaper for more details.
Development Roadmap
Venera development is divided into three main stages:
1. Venera Proof-of-Work — CURRENT
The VNR PoW network, mining ecosystem, staking/locking systems and Venera applications.
2. Omnivera Proof-of-Stake Testnet
Deployment and testing of sharding, validator consensus, ZK validity proofs, private accounts, cross-shard transfers and the VNR bridge.
3. Omnivera Mainnet
Full deployment of the Venera stablecoin ecosystem, including public smart contracts, private payment accounts and collateral-backed stablecoins.
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VNR TOKENOMICS
VNR uses Proof-of-Work issuance with a primary emission target of approximately:
96,000,000 VNR
+ Perpetual Tail Emissions
The 96 million VNR represents the primary emission phase rather than a permanent maximum supply.
After primary emission is completed, the network transitions into a small protocol-defined
tail emission, providing continuous incentives for miners and long-term network security.
Block Time: ~60 seconds
Mining Algorithm: RandomX
Primary Emission: ~96M VNR
Post-Emission: Continuous low tail emission
Genesis Mint: 7.5M
Developer Allocation: 100K VNR
Collateral Emergency Reserve: 400K VNR
The 7M VNR tokens from genesis will be used to fund Omnivera R&D costs and audits in its early stages.
Tokens are sold off for a limited time only through the fundraiser section.
VNR Staking / LockingVNR holders can lock their coins for predefined periods to participate in the Venera staking reward system.
Longer lock periods receive greater rewards, with lock durations extending up to approximately
360 days.
This PoW-side locking mechanism is separate from Omnivera's future validator staking system, where VNR will be used by validators participating in Proof-of-Stake consensus.
VNR Burn-to-EarnVenera also incorporates mechanisms where VNR can be permanently removed from circulation.
Burning VNR tokens will earn users' USDT yield generating burn points. Burn rates are dynamic. More points result in more USDT yield collected.
Points have an expiration rolling window to incentivize users to keep burning more VNR to extend their yield earning window.
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THE STABLECOIN SYSTEMThe long-term Venera ecosystem is designed around overcollateralized stablecoins such as
USDV.
Stablecoins are only created after eligible VNR has already been deposited and locked as collateral.
The initial target collateral ratio is:
400% COLLATERALIZATION
For example, if VNR is valued at $0.01, approximately $4 worth of eligible VNR would be locked to support the issuance of $1 USDV.
PoW-origin VNR acts as the primary collateral reserve.
VNR created through the future Omnivera PoS network remains separately identified and is not automatically treated as equivalent primary collateral. If introduced into the collateral system later, it can be subject to discount factors, limits and additional risk controls.
PoS VNR as Supplemental CollateralVNR issued through Omnivera Proof-of-Stake has a different economic role from PoW-origin VNR.
PoW VNR remains the primary collateral backing Venera stablecoins, while PoS VNR may be introduced as a restricted supplemental collateral layer.
PoS VNR is not counted at full market value. Instead, its collateral contribution is multiplied by a dynamic
discount factor that depends on the health of the underlying PoW reserve:
DFₜ = DF_base × max(0, min(1, (CR_PoW − CR_min) / (CR_target − CR_min)))
Where:
DFₜ = current PoS collateral discount factor
DF_base = maximum percentage of PoS VNR value that may be recognized
CR_PoW = collateral ratio of the primary PoW VNR reserve
CR_min = minimum acceptable reserve ratio
CR_target = target reserve ratio
This means PoS collateral automatically becomes less influential as the primary reserve weakens. At or below
CR_min, its recognized collateral value falls to zero; between the minimum and target ratios it increases progressively, and once the PoW reserve reaches its target it is capped at
DF_base.
The protocol can therefore calculate effective backing as:
C_effective = C_PoW + (DFₜ × C_PoS) + C_emergency
PoS VNR may additionally be subject to
time locks, maximum collateral limits and dynamic minting caps. This prevents newly issued PoS VNR from replacing the economically scarcer PoW reserve and ensures that stablecoin issuance remains primarily anchored to PoW-origin collateral.
Oracle SystemVenera's collateral system depends on an oracle layer that determines the market value of locked VNR.
The initial oracle design aggregates data from multiple market sources and applies safeguards such as:
• Multiple exchange price feeds
• Median / robust price aggregation
• Moving-average or TWAP pricing
• Stale-price rejection
• Maximum deviation controls
• Automatic minting restrictions when reliable pricing is unavailable
Oracle pricing feeds directly into the protocol's collateral ratio and risk controls.
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OMNIVERAOmnivera is the planned sharded Proof-of-Stake network that extends the Venera ecosystem beyond the original PoW chain.
Its architecture separates two account domains:
Public AccountsUsed for transparent transfers and smart contracts. Addresses, balances and contract state remain publicly verifiable.
Private Payment AccountsUsed for privacy-preserving transfers. Sender and recipient private addresses are concealed while transaction amounts remain publicly visible.
Zero-knowledge proofs verify that private transactions are authorized, sufficiently funded and produce valid state transitions without revealing the private accounts participating in the transfer.
Assets can move between both domains:
Public Account → Private Account
Private Account → Private Account
Private Account → Public Account
This allows users to interact with public applications when required while retaining a separate private payment identity.
Sharded ExecutionTransactions on Omnivera are routed to the shard responsible for the sender's account.
A simplified execution path is:
1. Create and sign transaction
2. Route transaction to sender's shard
3. Validate signature, nonce, balance and fees
4. Enter shard mempool
5. Shard proposer includes transaction in a block
6. Execute state transition
7. PoS validator committee reaches finality
8. ZK proof confirms the resulting state root
9. For cross-shard transfers, create a source-shard receipt
10. Destination shard verifies proof and finalized receipt
11. Credit recipient
12. Mark receipt as consumed to prevent replay
Validator committees are designed to be pseudo-randomly assigned and periodically reshuffled to reduce long-term concentration of control over individual shards.
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GAMES & ECOSYSTEM REWARDSVenera is not limited to blockchain infrastructure.
The ecosystem also includes Venera games where users can participate using rewards earned throughout the network.
Games can offer prizes denominated in:
• VNR• USD-based rewardsGame tickets and ecosystem rewards can be earned through activities such as
mining and staking, creating an additional use for participation beyond standard mining or holding.
The objective is to connect network activity, mining, staking and applications into a broader Venera ecosystem rather than treating VNR purely as a standalone cryptocurrency.
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POW ↔ OMNIVERA BRIDGEThe Venera PoW chain and Omnivera are designed to remain connected through a bridge.
PoW VNR can be locked on the original chain and represented on Omnivera while preserving its PoW origin.
This distinction is important because PoW-origin VNR serves as the primary collateral class for Venera stablecoins, while PoS-issued VNR has a different economic role.
The bridge therefore preserves asset provenance rather than treating every unit of VNR as economically identical internally.
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FOLLOW VENERADevelopment updates, mining information, testnet announcements and ecosystem releases will be published through Venera's official channels.
Website: https://veneralabs.org/
X / Twitter: https://x.com/VeneraLabs
Discord: https://discord.gg/kYjPjq2auu
Telegram: https://t.me/VeneraLabs
Wallet: https://wallet.veneralabs.org/
Mining Pool: https://pool.veneralabs.org/
Explorer: https://veneralabs.org/explorer
Whitepaper: https://veneralabs.org/whitepaper ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
VENERA
Private Stablecoins • Proof-of-Work • Proof-of-Stake • Sharding • Zero-Knowledge Proofs
Building an ecosystem where stable value, scalable settlement and private payments can operate within the same network.
