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Venus ProtocolVenus Protocolby0xc444949e0054A23c44Fc45789738bdF64aed2391venusvanguard.dao

[BNB Chain] Prime Adjustment Proposal

Voting ended over 1 year agoSucceeded

If this snapshot vote is passed, a VIP to modify the reward speeds for BNB Chain Prime markets based on the attached forum article will be proposed.

It was previously suggested to increase the amount of Prime tokens by 50 but in view of the Community’s comments on the Forum and in the Venus telegram groups, no changes will be made to the number of Prime Tokens at this time and they will be kept at 500 until a vote is held by the community in the future.

In summary, the changes are the following:

New reward distribution proposal: BTC: 5% (0%) ETH: 15% (0%) USDC: 35% (-5%) USDT: 45% (+5%)

3-month reward distribution recommendations: BTC: 0.81 (+0.09) ETH: 45.92 (-25.43) USDC: 315,000 (+15,000) USDT: 405,000 (+5,000) Total rewards for 3 months: $900,000

Off-Chain Vote

For, please proceed.
411.81K XVS100%
Against, do not proceed.
0 XVS0%
Quorum:824%
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Discussion

Venus Protocol[BNB Chain] Prime Adjustment Proposal

Timeline

Jul 08, 2024Proposal created
Jul 08, 2024Proposal vote started
Jul 09, 2024Proposal vote ended
Nov 15, 2024Proposal updated