Building your first DeFi app. Getting started with oracles. Follow along this community-made guide on building with Pyth.

27 Nov 2024, 13:33
Building your first DeFi app? Getting started with oracles? Follow along this community-made guide on building with Pyth. Everything you need to succeed:

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NFT Index
NFT IndexNFTI #1324
Telegram
27 Nov 2024, 18:31
Читай и инвестируй в свои знания! Почему книги? Потому что они дают структурированную информацию, углубленный анализ и долгосрочную перспективу. От новичка до профи найдется информация для каждого. 📚 Книга 1: КНИГА О КРИПТОВАЛЮТЕ 1 📖 Книга 2: КРИПТО-МАШИНА ВРЕМЕНИ 📕 Книга 3: WEB 3 MEDIA. СТАРТАП С НУЛЯ. 🔵 Наши ссылки 💰 Торгуем на Bybit | ✖️ Торгуем на BingX | ⚡️ Pro Energy
Читай и инвестируй в свои знания. Почему книги.
Читай и инвестируй в свои знания! Почему книги? Потому что они дают структурированную информацию, углубленный анализ и долгосрочную перспективу. От новичка до профи – найдется информация для каждого. 📚 Книга 1: КНИГА О КРИПТОВАЛЮТЕ № 1 📖 Книга 2: КРИПТО-МАШИНА ВРЕМЕНИ 📕 Книга 3: WEB 3 MEDIA. СТАРТАП С НУЛЯ. 🔵 Наши ссылки 💰 Торгуем на Bybit | ✖️ Торгуем на BingX | ⚡️  Pro Energy
DexCheck
DexCheckDCK #1805
Telegram
27 Nov 2024, 14:01
🔔 Reminder: $DCK Trading Carnival is ongoing on HTX! End Date: 12:00 (UTC) on December 2, 2024 Reward Pool: $10,000 in $DCK Trade now and secure your share before the event closes! 🔗 www.htx.com.cm/support/44985720108457 ⚡️ Comment, Like, Retweet ⚡️ Official links: 📈 Website 📈 DexCheck App 📈 IPSO Launchpad 👍 Telegram ✖️ X (Twitter) 👍 Instagram 👍 YouTube
Reminder: $DCK Trading Carnival is ongoing on HTX. • End Date: 12:00 (UTC) on December 2, 2024. • Reward Pool: $10,000 in $DCK.
🔔 Reminder: $DCK Trading Carnival is ongoing on HTX! • End Date: 12:00 (UTC) on December 2, 2024 • Reward Pool: $10,000 in $DCK Trade now and secure your share before the event closes! 🔗 www.htx.com.cm/support/44985720108457 ⚡️ Comment, Like, Retweet ⚡️ Official links: 📈 Website 📈 DexCheck App 📈 IPSO Launchpad 👍 Telegram ✖️ X (Twitter) 👍 Instagram 👍 YouTube
DexCheck
DexCheckDCK #1805
Telegram
27 Nov 2024, 14:01
🔔 Reminder: $DCK Trading Carnival is ongoing on HTX! End Date: 12:00 (UTC) on December 2, 2024 Reward Pool: $10,000 in $DCK Trade now and secure your share before the event closes! 🔗 www.htx.com.cm/support/44985720108457 ⚡️ Comment, Like, Retweet ⚡️ Official links: 📈 Website 📈 DexCheck App 📈 IPSO Launchpad 👍 Telegram ✖️ X (Twitter) 👍 Instagram 👍 YouTube
Reminder: $DCK Trading Carnival is ongoing on HTX. • End Date: 12:00 (UTC) on December 2, 2024. • Reward Pool: $10,000 in $DCK.
🔔 Reminder: $DCK Trading Carnival is ongoing on HTX! • End Date: 12:00 (UTC) on December 2, 2024 • Reward Pool: $10,000 in $DCK Trade now and secure your share before the event closes! 🔗 www.htx.com.cm/support/44985720108457 ⚡️ Comment, Like, Retweet ⚡️ Official links: 📈 Website 📈 DexCheck App 📈 IPSO Launchpad 👍 Telegram ✖️ X (Twitter) 👍 Instagram 👍 YouTube
NFT Index
NFT IndexNFTI #1324
Telegram
27 Nov 2024, 13:53
✔️ Экс CEO Binance, Чанпэн «CZ» Чжао предлагает использовать блокчейн для работы с ИИ и выступает за разработку децентрализованных инструментов. 🔵 Наши ссылки 💰 Торгуем на Bybit | ✖️ Торгуем на BingX | ⚡️ Pro Energy
Экс CEO Binance, Чанпэн «CZ» Чжао предлагает использовать блокчейн для работы с ИИ и выступает за разработку децентрализованных
✔️ Экс CEO Binance, Чанпэн «CZ» Чжао предлагает использовать блокчейн для работы с ИИ и выступает за разработку децентрализованных инструментов. 🔵 Наши ссылки 💰 Торгуем на Bybit | ✖️ Торгуем на BingX | ⚡️ Pro Energy
CatCoin
CatCoinCATCOIN #1543
Telegram
27 Nov 2024, 13:47
2000 reposts and they will burn 1% !!!! 1300 more !!! engage guys !
2000 reposts and they will burn 1% . 1300 more . engage guys .
2000 reposts and they will burn 1% !!!! 1300 more !!! engage guys !
27 Nov 2024, 13:46
The final element is coming soon, bringing the power of Water to Magic Madness! 🌊 Prepare yourselves for epic battles in a brand-new arena, guarded by the legendary Black Turtle. 🐢 This update isn't just about a new element; it's bringing a wave of improvements! We've been hard at work enhancing gameplay, adding new skins and squashing bugs to make your experience smoother than ever. 🛠⚡️ Are you ready to take on the challenge and rule the Water arena? 🏆⚔️ 👉 Website | Twitter | Telegram | Announcements | Discord |Staking | OpenSea | Medium | Instagram | YouTube
The final element is coming soon, bringing the power of Water to Magic Madness.
The final element is coming soon, bringing the power of Water to Magic Madness! 🌊 Prepare yourselves for epic battles in a brand-new arena, guarded by the legendary Black Turtle. 🐢 This update isn't just about a new element; it's bringing a wave of improvements! We've been hard at work enhancing gameplay, adding new skins and squashing bugs to make your experience smoother than ever. 🛠⚡️ Are you ready to take on the challenge and rule the Water arena? 🏆⚔️ 👉 https://www.victoriavr.com/play/pvp-arenas Website | Twitter | Telegram | Announcements | Discord |Staking | OpenSea | Medium | Instagram | YouTube
27 Nov 2024, 13:46
$DASH is on a roll! Up 27% this week and still climbing 📈 With lightning-fast transactions and top-notch privacy features, it’s no wonder $DASH is making waves. Don’t miss out! 🔗 GET $DASH NOW
$DASH is on a roll. Up 27% this week and still climbing.
$DASH is on a roll! Up 27% this week and still climbing 📈 With lightning-fast transactions and top-notch privacy features, it’s no wonder $DASH is making waves. Don’t miss out! 🔗 GET $DASH NOW
27 Nov 2024, 13:46
The final element is coming soon, bringing the power of Water to Magic Madness! 🌊 Prepare yourselves for epic battles in a brand-new arena, guarded by the legendary Black Turtle. 🐢 This update isn't just about a new element; it's bringing a wave of improvements! We've been hard at work enhancing gameplay, adding new skins and squashing bugs to make your experience smoother than ever. 🛠⚡️ Are you ready to take on the challenge and rule the Water arena? 🏆⚔️ 👉 Website | Twitter | Telegram | Announcements | Discord |Staking | OpenSea | Medium | Instagram | YouTube
The final element is coming soon, bringing the power of Water to Magic Madness.
The final element is coming soon, bringing the power of Water to Magic Madness! 🌊 Prepare yourselves for epic battles in a brand-new arena, guarded by the legendary Black Turtle. 🐢 This update isn't just about a new element; it's bringing a wave of improvements! We've been hard at work enhancing gameplay, adding new skins and squashing bugs to make your experience smoother than ever. 🛠⚡️ Are you ready to take on the challenge and rule the Water arena? 🏆⚔️ 👉 https://www.victoriavr.com/play/pvp-arenas Website | Twitter | Telegram | Announcements | Discord |Staking | OpenSea | Medium | Instagram | YouTube
ASD
ASDASD #940
Telegram
27 Nov 2024, 13:39
親愛的用戶: 頂峰AscendEX將首發上線 Mona Arcane (MONA),開啟MONA/USDT交易,具體詳情如下: 開放儲值:11月27日16:30(北京時間) 開放交易:11月27日18:00(北京時間) 開放提現:11月28日18:00(北京時間) 馬上交易> Mona Arcane (MONA)幣種資料:https://ascendex.com/zh-tw/support/articles/114164 感謝您長期以來的支持與幫助! 頂峰AscendEX團隊 2024年11月27日 官方電報群:https://t.me/AscendEXTCN
親愛的用戶:. 頂峰AscendEX將首發上線 Mona Arcane (MONA),開啟MONA/USDT交易,具體詳情如下:. 開放儲值:11月27日16:30(北京時間). 開放交易:11月27日18:00(北京時間).
親愛的用戶: 頂峰AscendEX將首發上線 Mona Arcane (MONA),開啟MONA/USDT交易,具體詳情如下: 開放儲值:11月27日16:30(北京時間) 開放交易:11月27日18:00(北京時間) 開放提現:11月28日18:00(北京時間) 馬上交易> https://ascendex.com/zh-tw/cashtrade-spottrading/usdt/mona Mona Arcane (MONA)幣種資料:https://ascendex.com/zh-tw/support/articles/114164 感謝您長期以來的支持與幫助! 頂峰AscendEX團隊 2024年11月27日 官方電報群:https://t.me/AscendEXTCN
ASD
ASDASD #940
Telegram
27 Nov 2024, 13:39
親愛的用戶: 頂峰AscendEX將首發上線 just buy $1 worth of this coin ($1),開啟$1/USDT交易,具體詳情如下: 開放儲值:已開放 開放交易:11月27日17:30(北京時間) 開放提現:11月28日17:30(北京時間) 馬上交易>https://ascendex.com/zh-tw/cashtrade-spottrading/usdt/$1 just buy $1 worth of this coin ($1)幣種資料:https://ascendex.com/zh-tw/support/articles/114198 感謝您長期以來的支持與幫助! 頂峰AscendEX團隊 2024年11月27日 官方電報群:https://t.me/AscendEXTCN
親愛的用戶:. 頂峰AscendEX將首發上線 just buy $1 worth of this coin ($1),開啟$1/USDT交易,具體詳情如下:. 開放儲值:已開放. 開放交易:11月27日17:30(北京時間).
親愛的用戶: 頂峰AscendEX將首發上線 just buy $1 worth of this coin ($1),開啟$1/USDT交易,具體詳情如下: 開放儲值:已開放 開放交易:11月27日17:30(北京時間) 開放提現:11月28日17:30(北京時間) 馬上交易>https://ascendex.com/zh-tw/cashtrade-spottrading/usdt/$1 just buy $1 worth of this coin ($1)幣種資料:https://ascendex.com/zh-tw/support/articles/114198 感謝您長期以來的支持與幫助! 頂峰AscendEX團隊 2024年11月27日 官方電報群:https://t.me/AscendEXTCN
Fasttoken
FasttokenFTN #204
Telegram
27 Nov 2024, 13:38
🔍 Explore the Blockchain Workflow: 1- Transaction Request: A user initiates a transaction. 2- Distribution: The transaction is sent to the network of nodes. 3- Validation: Nodes verify the transaction’s legitimacy. 4- Adding Blocks: The validated transaction is added to the blockchain. ⚡️Stay tuned for more. #bahamut #blockchain
Explore the Blockchain Workflow:. 1- Transaction Request: A user initiates a transaction.
🔍 Explore the Blockchain Workflow: 1- Transaction Request: A user initiates a transaction. 2- Distribution: The transaction is sent to the network of nodes. 3- Validation: Nodes verify the transaction’s legitimacy. 4- Adding Blocks: The validated transaction is added to the blockchain. ⚡️Stay tuned for more. #bahamut #blockchain
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56
Venus LINK
Venus LINKvLINK #1134
Telegram
27 Nov 2024, 13:36
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳:
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2). Summary.
VIP-400 [Arbitrum] Enable Venus Prime (stage 1/2) Summary If passed, following the Community post “Venus Prime Deployment Proposal for Arbitrum” and the associated snapshot, this VIP will: - Enable claiming the Prime tokens on Arbitrum one. Eligible users will be able to claim their Prime tokens as soon as this VIP is executed - Configure the Token Converters contracts, to automatically convert the protocol income allocated to Prime into the expected tokens - Configure the distribution rules in the ProtocolShareReserve contract, following the percentages proposed by the community Details This Prime parameters are similar to the configuration on the Ethereum and BNB Chain: - Markets: - Core pool: - USDT, USDC, WBTC - Liquid Staked ETH - WETH - Minimum XVS to qualify: 1,000 XVS - Maximum XVS cap: 100,000 XVS - Number of days staking XVS to qualify: 90 - Limit to the number of Prime holders: 500 revocable tokens, 0 irrevocable tokens - Alpha: 0.5 (staked XVS and borrowed/supplied amounts have the same weight calculating the Prime user score) - Supply multiplier: 2 (for the 4 markets) - Borrow multiplier: 4 (for the 4 markets) Following the Tokenomics, 20% of the protocol reserves are allocated to Prime. This VIP configures the distribution rules in the ProtocolShareReserve contract to distribute this 20% among the Prime markets, considering the community proposal: - USDT (Core pool): 25% - USDC (Core pool): 25% - WBTC (Core pool): 15% - WETH (Liquid Staked ETH pool): 35% No rewards are configured in this VIP. They have to be configured in the future, with a different VIP. Additional details in VIP description. Vote 🗳: https://app.venus.io/#/governance/proposal/400?chainId=56