VIP-121 BTC Shortfall Repayment

LINK Summary This VIP will perform the following action: Repay the amount of 90.33 BTC debt (Approximately $2.42M) on behalf of wallet address: ‘0xef044206db68e40520bfa82d45419d498b4bc7bf’. Description Since the adoption of Venus Tokenomics 2.0 in August 2021, Venus has been accumulating reserves in its risk fund totalling $9,276,234.40. If approved, this proposal will use 90.33 BTC worth of that […]

Introducing Isolated Markets to Venus Protocol

Venus Protocol continues to revolutionize decentralized finance (DeFi) by introducing new features and enhancements. With its latest update V4, Venus is now looking to implement Isolated Markets, allowing users to lend and borrow a wide range of tokens on the BNB Chain. This move aims to expand the platform’s lending capabilities and provide users with […]

Venus Protocol V4 moves forward while enriching user experiences

As announced in November 2022, Venus has been diligently working on the Venus V4 upgrade, a comprehensive update aimed at enhancing the protocol’s implementation within the decentralized finance (DeFi) ecosystem.  This upgrade introduces crucial features that empower users and improve the overall user experience, ranging from advanced governance mechanisms to cutting-edge risk management tools. The […]

VIP-120 Payment Issuance to OpenZeppelin

LINK Summary This VIP will perform the following actions: Description The world’s leading projects work with OpenZeppelin and so should Venus. OpenZeppelin provides security products to build, automate, and operate decentralized applications. They also protect leading organizations like Brave, Bancor, Ethereum, Optimism, Compound, BitGo, to name a few, by performing security audits on their systems and […]

VIP-118 ETH Shortfall Repayment

LINK Summary This VIP will perform the following action: Repay the amount of 1,437.5 ETH debt (Approximately $2.6M) on behalf of wallet address ‘0x7589dd3355dae848fdbf75044a3495351655cb1a’. Description Since the adoption of Venus Tokenomics 2.0 in August 2021, Venus has been accumulating reserves in its risk fund totalling $9,276,234.40. If approved, this proposal will use 1437.5 ETH worth of that fund […]

VIP-117 Risk Parameters Update

LINK Summary This VIP will perform the following actions: Description In view of the deprecation of SXP on BNB Chain, Venus will withdraw the available SXP interest reserves and SXP Treasury and send them to Binance to be exchanged for USDT. This VIP will also increase TRX Collateral Factor to 52.5% as the available liquidity […]

VIP-115 Q2 2023 Payment issuance to Gauntlet

LINK Summary Following the successful passing of the Snapshot proposal: Gauntlet Market Risk Management (snapshot.org), and of VIP-72 Venus Protocol is now launching a new VIP proposal to issue payment to Gauntlet for Q2 2023. Background Gauntlet provides continuous market risk management to optimize yield, capital efficiency, and mitigate depositor losses on Venus Protocol. Venus is issuing […]

VIP-114 Payment/Deposit to Binance Oracle

LINK Summary This VIP will perform the following action: Description This deposit is being sent to Binance Oracle for GAS that is expected to be consumed by the new Venus Binance Oracle feeds integration and expected to last for a period of around 6 months or a little more. This VIP is a dependency to […]