Prime Adjustment Proposal - Q2 2024

After carefully evaluating Venus Prime’s performance following 5 months of deployment. The community proposed 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.

This change aims to adjust rewards for eligible users based on the current total budget for Prime, estimated at $1,619,897. By taking into account the average Prime allocation over the last six months ($234,806), this budget is expected to be sustainable for over 12 months. However, future adjustments will be made to further refine and optimize Prime rewards for eligible users.

The proposal is to implement this configuration for the next three months. After this period, a new performance evaluation will be conducted to continue improving the program’s effectiveness.

Complete proposal and details below.