VIP-204 Repay BUSD debt on behalf borrower

LINK Summary This VIP will perform the following action: Description Since 2023, Venus has been accumulating reserves in its risk fund totaling an estimated $6,851,872 USD. This value is calculated based on token prices for Nov 15, 2023. If approved, this proposal will use 6,400,762.2181 BUSD worth of that fund to continue repayment of insolvent […]

VIP-203 Venus Prime: deployment stage 3/5

LINK Summary Description If passed, this VIP will set a batch of timestamps when users staked more than 1,000 XVS on the XVSVault. The qualified users will be able to claim their Prime tokens. This VIP is the third one to enable Venus Prime. The first VIP was VIP-201. Check VIP-201 for more details (Security and additional considerations, […]

VIP-202 Venus Prime: deployment stage 2/5

LINK Summary Description If passed, this VIP will set a batch of timestamps when users staked more than 1,000 XVS on the XVSVault. The qualified users will be able to claim their Prime tokens. This VIP is the second one to enable Venus Prime. The first VIP was VIP-201. Check VIP-201 for more details (Security and additional considerations, […]

VIP-201 Venus Prime: deployment stage 1/5

LINK Summary Description If passed, this VIP will enable Prime tokens, allowing users to claim theirs. Description Check the updated Venus public documentation to review the details of the deployed Venus Prime program. This VIP is part of the proposal Venus Tokenomics Upgrade v3.0 Proposal, published in the Venus community forum. The Venus Prime finally released has […]

Newsletter – October 2023

Greetings, Venus Community! In this newsletter, we’ll spotlight the fast pace growing aspects of our protocol, along with recent collaborations with prominent projects. Additionally, we’ll provide updates on community news and significant events. Continue reading to uncover all this and more! Featured News Exciting news has just arrived as the Venus Prime audits have successfully […]

Venus Token Converter Audit by OpenZeppelin

OpenZeppelin conducted an audit of Venus Protocol’s Token Converter from September 11, 2023, to September 20, 2023. The audit honed in on the VenusProtocol/protocol-reserve repository, especially the ProtocolReserve and TokenConverter contracts. These contracts are pivotal for Venus Protocol as they manage the conversion of tokens to USDT or XVS before forwarding them to their respective […]

Venus Prime Audit by OpenZeppelin

OpenZeppelin conducted an audit of Venus Prime from August 21, 2023, to September 13, 2023. The audit focused on the VenusProtocol/venus-protocol repository, particularly the Comptroller, Diamond, Tokens, and XVSVault contracts. These contracts are integral to Venus Prime as they are designed to reward its holders based on their staking activity and associated balance in the […]

VIP-183 Quarterly XVS Buyback and Funds Allocation

LINK Summary As per our Tokenomics v.3.1, this VIP will proceed to withdraw funds for our Quarterly Buyback and distributions. The complete details on our latest tokenomics are available here: Revision of Venus Tokenomics Exceptionally for this quarter, we are proposing sending the BNB exploiter liquidation fees to the risk fund to be used towards active […]