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Venus ProtocolVenus Protocolby0xc444949e0054A23c44Fc45789738bdF64aed2391venusvanguard.dao

Suspend Q2 XVS Burn

Voting ended over 3 years agoSucceeded

In anticipation of the forthcoming V4 tokenomics that has received positive community feedback and with the aim of seeking the greatest impact for protocol revenue allocation, we propose suspending the scheduled Q2 burn. Instead, those funds would be reallocated towards the newly anticipated tokenomics v4.

This would not affect the already planned Buyback funds allocated for Q2.

Burn funds allocated for Q2 would instead be allocated to bring available supplemental funding to the community under tokenomics V4, which also proposes to reduce the total supply of XVS by 10 million.

Off-Chain Vote

For
776.36K XVS99.3%
Against
5.45K XVS0.7%
Abstain
0 XVS0%
Quorum:1564%
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Discussion

Venus ProtocolSuspend Q2 XVS Burn

Timeline

Jul 25, 2022Proposal created
Jul 25, 2022Proposal vote started
Jul 26, 2022Proposal vote ended
Nov 15, 2024Proposal updated