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TranchessTranchessby0xFC6D3fA78136882b427EC66FFbec6919254800dE0xFC6D…00dE

Changing the Reference Stablecoin of the APR Oracle on BNB Chain from BUSD to USDC

Voting ended over 2 years agoSucceeded

APR Oracle is the oracle that reads and calculates the 7-day average borrowing rate of the stablecoin on Venus. The borrowing rate is used as reference for the interest earned for BISHOP and the leveraged cost of ROOK. Currently, the stablecoin that the APR oracle uses is BUSD. With the current situation of BUSD, we propose to change the underlying stablecoin of the APR oracle from BUSD to USDC on the BNB Chain*.

*The stablecoin benchmark that APR oracle refers to on Ethereum is USDC and is not affected by this proposal.

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Yes
560.89K veCHESS100%
No
0 veCHESS0%
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Discussion

TranchessChanging the Reference Stablecoin of the APR Oracle on BNB Chain from BUSD to USDC

Timeline

Sep 05, 2023Proposal created
Sep 05, 2023Proposal vote started
Sep 07, 2023Proposal vote ended
Oct 26, 2023Proposal updated