Calling all Cardano developers.
04 Oct 2024, 11:50
Calling all Cardano developers! š£
Your experience mattersātake the annual Cardano Developers Survey and shape what comes next in our developer ecosystem. It takes ten minutes, and your input helps drive the future of Cardano. š
Same news in other sources
12005 Oct 2024, 01:07
āļø GENSO Indonesia š®š© X Coinspirasi Digital X YGG GAP S7
For those who missed the live AMA, hereās the Indonesian playbacks of the AMA of GENSO in YGG GAP Quest S7.
š Thank you to our lovely host and guest speaker, Coinspirasi Digital and MDSN, respectively, for explaining the quests thoroughly to the community!
Thank you as well for everyone who participated, and congratulations to all our winners! āØ
GENSO Indonesia X Coinspirasi Digital X YGG GAP S7.
āļø GENSO Indonesia š®š© X Coinspirasi Digital X YGG GAP S7
For those who missed the live AMA, hereās the Indonesian playbacks of the AMA of GENSO in YGG GAP Quest S7.
š Thank you to our lovely host and guest speaker, Coinspirasi Digital and MDSN, respectively, for explaining the quests thoroughly to the community!
Thank you as well for everyone who participated, and congratulations to all our winners! āØ
https://www.youtube.com/watch?v=IuD5ylE4jiQ
05 Oct 2024, 00:04
The PASS Hunter event is now live! š
Collect 5 PASSes and reach the required trading volume to claim your share of the reward pool! š
With a total of 10,000,000 VEST Loan Rewards up for grabs, donāt miss your chance! š
Join NOW! š
The PASS Hunter event is now live.
The PASS Hunter event is now live! š
Collect 5 PASSes and reach the required trading volume to claim your share of the reward pool! š
With a total of 10,000,000 VEST Loan Rewards up for grabs, donāt miss your chance! š
https://medium.com/@contentoshome/pass-hunter-collect-passes-to-share-vest-loan-rewards-20aee0e4cafc
Join NOW! š https://cos.tv/v2/channel-vip/events/pass-hunter-202409
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56
04 Oct 2024, 21:37
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³:
VIP-380 Quarterly XVS Buyback and Funds Allocation. Summary.
VIP-380 Quarterly XVS Buyback and Funds Allocation
Summary
This VIP outlines the protocolās Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:
BNB Chain:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274
Tokenomic Allocations:
- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956
ETH Mainnet:
Protocol Reserves & Liquidation Fees
- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722
Tokenomic Allocations:
- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490
Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment
*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*
*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*
If approved, this VIP will perform the following actions:
BNB Chain:
1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.
ETH Mainnet:
1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.
Arbitrum:
1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.
- VIP simulation
- Tokenomics V4
Vote š³: https://app.venus.io/#/governance/proposal/380?chainId=56