[BNB Chain] Prime Adjustment Proposal - Q4 2024

Summary

This proposal evaluates Venus Prime’s performance following 12 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:

BTC: 2.6% ETH: 8.5% USDC: 24.36% USDT: 64.49%

New reward distribution proposal:

BTC: 5% (0%) ETH: 15% (0%) USDC: 30% (-5%) USDT: 50% (+5%)

3-month reward distribution recommendations:

BTC: 0.41 (-0.40) ETH: 30.24 (-15.68) USDC: 157,500 (-157,500) USDT: 262,500 (-142,500) Total rewards for 3 months: $525,000

Considerations

The following analysis considers token prices and volumes at key block numbers: 32599510 (pre-Prime) and 42711932 (12 months, post-Prime). The token prices are considered for Oct 1 2024.

Additional details in the original forum proposal: https://community.venus.io/t/prime-adjustment-proposal-q4-2024-bnb-chain/4598