Hello, and welcome to the fortnightly ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ถ๐ด๐ฒ๐๐ โ In this edition:.
11 Nov 2024, 17:37
Hello, and welcome to the fortnightly ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ถ๐ด๐ฒ๐๐ โ In this edition:
โข Cardano Summit, Dubai 2024 Masterclass Recordings Now Available,
โข Constitutional Committees Votes On 3rd Governance Info Action,
โข 2025 Annual Budget Survey Now Live: Have Your Say!
and more
Same news in other sources
5011 Nov 2024, 19:44
By Stark
By Stark.
https://zenonzenon.com/ By Stark
11 Nov 2024, 19:42
Hello, and welcome to the fortnightly ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ถ๐ด๐ฒ๐๐ โ In this edition:
โข Cardano Summit, Dubai 2024 Masterclass Recordings Now Available,
โข Constitutional Committees Votes On 3rd Governance Info Action,
โข 2025 Annual Budget Survey Now Live: Have Your Say!
and more
Hello, and welcome to the fortnightly ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ถ๐ด๐ฒ๐๐ โ In this edition:.
Hello, and welcome to the fortnightly ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ถ๐ด๐ฒ๐๐ โ In this edition:
โข Cardano Summit, Dubai 2024 Masterclass Recordings Now Available,
โข Constitutional Committees Votes On 3rd Governance Info Action,
โข 2025 Annual Budget Survey Now Live: Have Your Say!
and more
https://forum.cardano.org/t/digest-november-11-2024-cardano-summit-dubai-2024-masterclass-recordings-now-available-constitutional-committees-votes-on-3rd-governance-info-action-2025-annual-budget-survey-now-live-have-your-say/138494
11 Nov 2024, 18:07
๐ GRIND AND WIN! ๐
๐ Get a 20% off code (up to $20) by being one of the top grinders! The top 3 players with the most grind time in each of these games will win:
๐
Grind Period: Nov 11 - Nov 17, 2024
๐ฎ Games & Breakdown:
โข Thetan Arena (TA): 3 winners
โข Thetan Rivals (TR): 3 winners
โข Match Block (MB): 3 winners
โข Hotel Empire: 3 winners
โข Tile King (TK): 3 winners
โ๏ธ How to Win:
๐ธ Play as much as you can in any game listed above.
๐ธ Secure your spot in the top 3 for maximum grind time!
๐ Winners will be announced post-event on Nov 17th.
๐น Get started now and claim your spot as a champion grinder!
#ThetanWorld #PlayToEarn #NFT #giveaway
GRIND AND WIN. Get a 20% off code (up to $20) by being one of the top grinders.
๐ GRIND AND WIN! ๐
๐ Get a 20% off code (up to $20) by being one of the top grinders! The top 3 players with the most grind time in each of these games will win:
๐
Grind Period: Nov 11 - Nov 17, 2024
๐ฎ Games & Breakdown:
โข Thetan Arena (TA): 3 winners
โข Thetan Rivals (TR): 3 winners
โข Match Block (MB): 3 winners
โข Hotel Empire: 3 winners
โข Tile King (TK): 3 winners
โ๏ธ How to Win:
๐ธ Play as much as you can in any game listed above.
๐ธ Secure your spot in the top 3 for maximum grind time!
๐ Winners will be announced post-event on Nov 17th.
๐น Get started now and claim your spot as a champion grinder!
#ThetanWorld #PlayToEarn #NFT #giveaway
11 Nov 2024, 18:03
Happy Monday, Genovians. A new week in #NoExcusesNovember means a new focusโthis time on mental health. ๐ง
This weekโs prompt: Set a mental health goal for yourself. Whatโs one mindful thing youโll do each day to stay grounded? ๐ญ
Share your goal with us in the comments over on Twitterโletโs inspire each other! ๐ โจ
Happy Monday, Genovians. A new week in #NoExcusesNovember means a new focusโthis time on mental health.
Happy Monday, Genovians. A new week in #NoExcusesNovember means a new focusโthis time on mental health. ๐ง
This weekโs prompt: Set a mental health goal for yourself. Whatโs one mindful thing youโll do each day to stay grounded? ๐ญ
Share your goal with us in the comments over on Twitterโletโs inspire each other! ๐ https://x.com/genopets/status/1856029665871442093 โจ
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56
11 Nov 2024, 18:00
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ:
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool. Summary.
VIP-395 [Ethereum] New pufETH market in the Liquid Staked ETH pool
Summary
If passed, following the Community proposal โProposal for Listing pufETH on Venusโ and the associated snapshot, this VIP adds a market for pufETH into the Liquid Staked ETH pool on Ethereum.
Description
Risk parameters
Following Chaos Labs recommendations, the risk parameters for the new market are:
Underlying token: pufETH
- Borrow cap: 3,000
- Supply cap: 300
- Collateral factor: 80%
- Liquidation threshold: 85%
- Reserve factor: 20%
Bootstrap liquidity: 5 pufETH - provided by Puffer Finance.
Interest rate curve for the new market:
- kink: 45%
- base (yearly): 0%
- multiplier (yearly): 4.5%
- jump multiplier (yearly): 200%
Oracles configuration
The ResilientOracle deployed to Ethereum is used for pufETH, using under the hood the market price for pufETH/ETH provided by RedStone (feed), and the ETH/USD price provided by the ResilientOracle.
Security and additional considerations
We applied the following security procedures for this upgrade:
- VIP execution simulation: in a simulation environment, validating the new market is properly added to the Liquid Staked ETH pool on Ethereum, with the right parameters and the expected bootstrap liquidity
- Deployment on testnet: the same market has been deployed to Sepolia, and used in the Venus Protocol testnet deployment
The bootstrap liquidity is available on the Venus Treasury on Ethereum. If this VIP passes, this multisig transaction will be executed to withdraw those funds, allowing Governance to supply them to the new pufETH market.
Additional details in VIP description.
Vote ๐ณ: https://app.venus.io/#/governance/proposal/395?chainId=56