Prime Adjustment Proposal - Q4 2024 [ETH Mainnet]

Summary

This proposal evaluates Venus Prime’s performance following 3 months of deployment. It proposes adjustments to its distribution, focusing on aligning more closely with each market’s contribution to protocol reserves. The changes are designed to more accurately reflect market dynamics and user participation.

Relative contribution to protocol reserves:

• WETH_LiquidStakedETH: 85%
• WBTC_Core: 5%
• USDC_Core: 5%
• USDT_Core: 5%

New reward distribution proposal:

• WETH_LiquidStakedETH: 85% (+6%)
• WBTC_Core: 5% (-2%)
• USDC_Core: 5% (-2%)
• USDT_Core: 5% (-2%)

3-month reward distribution recommendations:

• WETH_LiquidStakedETH: 15.78 (-37)
• WBTC_Core: 0.04 (-0.22)
• USDC_Core: 2,250 (-13,145)
• USDT_Core: 2,250 (-13,145)

Total rewards for 3 months: $45,000

Additional details in forum proposal.