VIP-126 is LIVE Proposal type: Normal Proposer: Dev Team VIP-126 Price Feeds Configuration for Isolated Markets #### Summary If passed, this VIP will configure the price feeds for Venus Resilient Oracle for the following markets soon to be launched on Venus Isolated Markets: - Binance Oracle: ANKR / ankrBNB / BTT / FLOKI / HAY / NFT / RACA/ stkBNB / USDD - Chainlink: ALPACA / BIFI / BNBx / BSW / WBNB / WIN / WOO #### Description Proposed as a part of the Venus V4 Upgrade, Resilient Price Feeds is new logic eliminating a single point of failure while fetching asset prices from on-chain sources. It adds the capability to support multiple oracles and fallback mechanisms to return accurate prices and protect the protocol from oracle failures. Currently, it includes integrations with Chainlink, Pyth Network, Binance Oracle and TWAP (Time-Weighted Average Price) oracles, and more can be added in the future. TWAP uses PancakeSwap as the on-chain price source. We query prices from the Binance Oracle by using just the asset string names, via the FeedRegistry. So, no explicit price feed configuration is needed. Price feeds used from Chainlink: - ALPACA: 0xe0073b60833249ffd1bb2af809112c2fbf221df6 (source) - BIFI: 0xab827b69dacd586a37e80a7d552a4395d576e645 (source) - BNBx: 0xc4429B539397a3166eF3ef132c29e34715a3ABb4 (source) - BSW: 0x08e70777b982a58d23d05e3d7714f44837c06a21 (source) - WBNB: 0x0567f2323251f0aab15c8dfb1967e4e8a7d42aee (source) - WIN: 0x9e7377e194e41d63795907c92c3eb351a2eb0233 (source) - WOO: 0x02bfe714e78e2ad1bb1c2bee93ec8dc5423b66d4 (source) #### Security and additional considerations This VIP doesn’t imply any changes in the code, only changes in the configuration of the already deployed contracts. Prices post set-up: in a simulation environment, validating the Venus Resilient Price Feeds returns the expected prices after applying this set-up. Vote 👉 https://app.venus.io/governance/proposal/126

VIP-125 Risk Parameters Adjustment for XVS is LIVE. Summary This VIP will perform the following action as recommended by Gauntlet in their latest risk parameters update recommendations: Increase XVS Supply cap from 1M XVS to 1.3M XVS. Description While Gauntlet continues to monitor XVS volatility, they recommend raising the supply cap moderately to 1,300,000 from 1,000,000 as XVS supply cap usage remains > 80%. 1.3M XVS represents < 9% of its total circulating supply (14.9M) and the combined liquidity of XVS across DEX/CEXes is ample enough to mitigate significant insolvency risk due to liquidations. Gauntlet will continue to monitor market conditions and recommend additional XVS parameter changes to support the Venus community without introducing significant risk to the protocol. Vote 👉🏻 https://app.venus.io/governance/proposal/125

https://twitter.com/flashfloworg/status/1666831916958400514?s=20

https://twitter.com/VenusProtocol/status/1666822329903591424?s=20

Hello Friends 😊 I would like to kindly remind everyone about our workshop today. Even if you're already familiar with supplying and borrowing assets on Venus, protocol, still endeavor to attend cause I genuinely missed connecting with each and every one of you.😊 See you at 4pm UTC😉 https://twitter.com/debbie_sometin/status/1666766361480114178?s=20

2023-06-07 Gauntlet Risk Parameters Update Recommendations https://community.venus.io/t/risk-parameter-updates-6-7-2023/3600

2023-06-07 New Governance Proposal Request for Comments https://community.venus.io/t/proposal-for-revision-of-venus-protocol-tokenomics/3599

VIP-124 Risk Parameters Adjustment for BUSD is LIVE. Summary This VIP will perform the following action: Reduce BUSD Borrow cap from 130M to 80M Description As observed by Quants in this post, Recently, BUSD liquidity in PancakeSwap V2 has been shrinking rapidly with no sign of bouncing back: 220.30M on May 20th to 153.69M on May 31st. We are therefore proposing to reduce our borrow cap of BUSD from 130M to 80M. The change may not have immediate impact on the protocol. Vote 👉🏻 https://app.venus.io/governance/proposal/124

https://twitter.com/bradherenow/status/1665668117647749120?t=ClVWhudHa0lws51x0beZfQ&s=19

https://twitter.com/gauntletnetwork/status/1664310366229213188?t=B3nHMHaQgS1Q14cle_O6XQ&s=19

New Community Forum Proposal https://community.venus.io/t/proposal-list-pepe-market/3580

⚡️VIP-123 Resilient Price Feeds Oracle integration is Live! Vote: https://app.venus.io/governance/proposal/123 $XVS $VAI #DeFI @BNBCHAIN #DeFiSummerSlam

⚡️VIP-122 Risk Parameters and Interest curve models adjustments is live. Vote: https://app.venus.io/governance/proposal/122 $XVS $VAI #DeFI @BNBCHAIN @binance

⚡️VIP-121 BTC Shortfall Repayment is live! This VIP proposes Venus to continue repayment of insolvent accounts using it's risk fund. Vote Here: https://app.venus.io/governance/proposal/121 $XVS $VAI #DeFI @BNBCHAIN @binance https://twitter.com/VenusProtocol/status/1662116759594303489?s=20

Gauntlet Risk Parameter Updates 2023-05-23 https://community.venus.io/t/risk-parameter-updates-2023-05-23/3577

Join us for our monthly news summary sessions featuring the latest updates from @VenusProtocol this May! 💫 Set your reminders on Telegram/Discord and bring your friends along!🔔 #VenusStars @BNBCHAIN $XVS $VAI #LearnwithVenus #DeFiSummerSlam https://twitter.com/Venus_Community/status/1660693657391906845

Gauntlet Interest rate curve Updates recommendations 2023-05-18 https://community.venus.io/t/interest-rate-curve-updates-2023-05-18/3573

🥳A little birdie told us there was an 'Isolated' pool party coming to @VenusProtocol soon! Time has come for our communities to meet our new family members! Welcome aboard everyone! $XVS $VAI #DeFI #DeFiSummerSlam https://twitter.com/Venus_Community/status/1658530581662031880?s=20

🔵 Created VIP-119 Proposal type: Normal Proposer: Dev Team VIP-119 Payment Issuance to OpenZeppelin #### Summary This VIP will perform the following actions: * Issue payments for 2 Audits to be performed by OpenZeppelin #### Description The world's leading projects work with OpenZeppelin and so should Venus! _OpenZeppelin_ provides security products to build, automate, and operate decentralized applications. They also protect leading organizations like (Brave, AAVE, Bancor, Ethereum, Coinbase, Optimism, Compound, BitGo) to name a few by performing security audits on their systems and products. We are issuing this VIP to engage the auditing services of OpenZeppeling for two (2) of our upcoming major releases. The first audit will cover our new SwapRouter, which will allow users to Swap any assets to supply them on our markets or repay their loans in one easy transaction. This will be a significant improvement in the user experience. Users will be able to supply or repay, using any tokens supported by PancakeSwap, from the same window where they currently supply and repay tokens supported by Venus. The second audit will cover our new Oracles Smart Contracts. As Venus is the leader in this field and the first DeFi protocol to implement various simultaneous price oracles, we intend to leave nothing to chance and hope that more projects in the ecosystem will opt for such redundancy options as security and users funds should always be the priority. For the above mentioned reasons, Venus is issuing this VIP to pay OpenZeppelin the fees of these audits for the total amount of $252,450 to be paid in USDC. *Note that this sum also includes a review/revision fee of $27,000. Shall there be no need to review any changes, OpenZeppelin shall return to the Venus Treasury in full or partially any or all amounts of money not having been used to perform such reviews. Vote here 🗳 https://app.venus.io/governance/proposal/119

BSC News and Venus Protocol #Roadto1Million Presents: The Seed Phrase Hunt Compete in 12 complex challenges and win up to $10,000 of Crypto! Here's how you can get involved... 👇 1) What is it? 🤔 Each day we'll release a clue hinting at a set of tasks to complete ✅ Completing them will grant you the ability to mint an NFT in the form of a Key 🔑 Collect all 12 Keys to unlock the chest and reveal the seed phrase to a wallet containing $10,000 🎁 2) When? 🕐 The event will be running from May 22nd → June 6th, with a clue being released every weekday To claim the keys as fast as possible, make sure to follow @BSCNews and turn on post-notifications 🔔 Only the fastest users will be able to claim the $10,000 😉 To find out more, and stay up-to-date with the event, check out the landing page: https://t.co/WoStdjaiZX https://twitter.com/BSCNews/status/1658087513133666305?s=20 $XVS $VAI #DeFI #DeFiSummerSlam

https://twitter.com/VenusProtocol/status/1657130226114076672?s=20

🔵 Created VIP-118 Proposal type: Normal Proposer: Dev Team VIP-118 ETH Shortfall Repayment Summary This VIP will perform the following action: Repay the amount of 1,437.5 ETH debt (Approximately $2.6M) on behalf of wallet address ‘0x7589dd3355dae848fdbf75044a3495351655cb1a’. Description Since the adoption of Venus Tokenomics 2.0 in August 2021, Venus has been accumulating reserves in its risk fund totalling $9,276,234.40. If approved, this proposal will use 1437.5 ETH worth of that fund to commence repayment of insolvent accounts, scheduled in the order of decreasing debt. A VIP to use the risk fund’s remaining balance of $6,676,234.30 will follow. VOTE 👉🏻 https://app.venus.io/governance/proposal/118

🔵 Created VIP-117 Proposal type: Normal Proposer: Community Wallet VIP-117 Risk Parameters Update Summary This VIP will perform the following actions: - SXP: Decrease CF from 12.5% to 0%. - SXP: Reduce Reserves from the SXP Market and send them to the Treasury. - SXP: Send SXP from the Treasury to Binance to be Swapped to USDT. - TRX: Increase CF from 50% to 52.5%. Description In view of the deprecation of SXP on BNB Chain, Venus will withdraw the available SXP interest reserves and SXP Treasury and send them to Binance to be exchanged for USDT. This VIP will also increase TRX Collateral Factor to 52.5% as the available liquidity on BNB Chain is seeing a healthy increase. Vote 👉🏻 https://app.venus.io/governance/proposal/117

Dear community, VIP-116 has been cancelled as one of the recommendations (on xvs cf) was premised on price stability being reestablished, however the markets shifted fast enough to call the recommendation into question and we have asked Gauntlet to re-evaluate their decision to make sure we are still on track and that Venus stays safe. The VIP will be launched again as soon as possible after evaluation. Thank you for your understanding everyone!

🔵 NEW SNAPSHOT PROPOSAL Proposal type: Temperature Check Proposer: Venus Community / Native.org Title: Deploy a new in-app swap fully owned by Venus Details & Vote 👉🏻 https://snapshot.org/#/venus-xvs.eth/proposal/0x38cad97c4fa5290f6768dcb9a0b5231277589ba470b65a4e16680d91cc60b065

🔵 Created VIP-116 Proposal type: Normal Proposer: Community Wallet VIP-116 Risk Parameters Update 2023-05-09 Recommendations From Gauntlet Summary This VIP will perform the following actions: - SXP: Decrease CF from 12.5% to 0%. - TRX: Increase CF from 50% to 52.5%. - XVS: Increase CF from 55% to 60% and raise supply cap from 1,000,000 to 1,500,000. Gauntlet will provide separate recommendations for IR curves that will help fully deprecate SXP and TRXOLD. Active until: 11.05.2023 19:53 UTC Vote 👉🏻 https://app.venus.io/governance/proposal/116

Gauntlet Risk Parameter Updates 2023-05-09 https://community.venus.io/t/risk-parameter-updates-2023-05-09/3564

🎉 Get ready for an exciting week of events in @VenusProtocol communities! ✨Participate in insightful AMAs, engaging Telegram's voice chats, IRL meetups and much more around the world. Don't miss out! You can consult our activity calendar on http://VenusStars.io $XVS #DeFi #VenusCommunity #VenusStars @bnbchain

🔵 Created VIP-115 Proposal type: Normal Proposer: Community Wallet VIP-115 Q2 2023 Payment issuance to Gauntlet Summary Following the successful passing of the Snapshot proposal: Gauntlet Market Risk Management (snapshot.org), and of VIP-72 Venus Protocol is now launching a new VIP proposal to issue payment to Gauntlet for Q2 2023. Background Gauntlet provides continuous market risk management to optimize yield, capital efficiency, and mitigate depositor losses on Venus Protocol. Venus is issuing this VIP to pay the balance due for the Q2 2023 Service Fee for the amount of USD $200,000. Total to be paid USDC $200,000. Active until: 09.05.2023 16:54 UTC Tx details ℹ️ Vote here 🗳

https://twitter.com/VenusProtocol/status/1655555057817903110?s=20

🔵 Created VIP-113 Proposal type: Normal Proposer: Dev Team VIP-113 Transfer XVS vault Admin privilege to Governance and Update XVS Distributions APR #### Summary This VIP will perform the following actions: * Transfer vault’s Admin privileges to the Governance * Set the new XVS Vault distribution APR to 1,100 XVS/day #### Description As we continue to upgrade our vaults towards readiness for our major v4 upgrades, we are now transferring the control of the XVS Vault to the Governance to allow for a more transparent and on-chain Governance process. Our last buyback earlier last month for the amount of USD $477,112.93 resulted in the buyback of 62,360.02 XVS at an average buy price of $7.65. These XVS were already sent to the Distribution wallet. Due to various ongoing changes and audits, we were not able to adjust the XVS Vault distribution APR until today and more XVS have been distributed in the earlier weeks, thus the need to further lower the APR for the remainder of this quarter to compensate for the extra XVS that were already distributed. We expect the APR will return to above 9% in our next Quarter due to the excellent performances Venus has seen over the past few weeks. Active until: 04.05.2023 18:52 UTC Tx details ℹ️ Vote here 🗳

🚨 New fraudulent website alert! Be careful everyone! The only official website is: https://app.venus.io/

🔵 NEW FORUM REQUEST FOR COMMENTS Proposal type: VRC Proposer: RociFi Title: Higher Loan LTVs Details & Comments 👉🏻 https://community.venus.io/t/proposal-higher-loan-ltvs/3489

https://twitter.com/VenusProtocol/status/1653124136036626432?t=bwlUtg7A2oe_qxYe-7dSrg&s=19

https://community.venus.io/t/gauntlet-risk-management-improvement-var/3510

🔵 VIP-112 is Live! Proposal type: Normal Proposer: Community VIP-112 Risk Parameter Updates Summary TRX: Increase borrow cap to 10m tokens from 9m Increase supply cap to 12m tokens from 11m Increase CF to 0.50 from 0.475 SXP: Wait for SXP suppliers to continue unwinding their positions XVS: Continue to monitor the price of XVS CAKE: Monitor CAKE market developments Vote 👉🏻 https://app.venus.io/governance/proposal/112

Webapp is working again, issue was located and fixed. Thank you for your patience.

https://twitter.com/Venus_Community/status/1651953286386155523?t=8DKQdJGSImFdO3MINnmF7A&s=19

🔵 NEW FORUM REQUEST FOR COMMENTS Proposal type: VRC Proposer: Steakhouse Finance Title: [VRC] Setting the PSM fees and reenabling VAI borrowings Details & Comments 👉🏻 https://community.venus.io/t/vrc-setting-the-psm-fees-and-reenabling-vai-borrowings/3502

🔵 VIP-111 is Live! Proposal type: Normal Proposer: Community VIP-111 BETH Market Deprecation Summary This VIP relates to the BETH market deprecation on BNB Chain as announced earlier this week by Binance. This VIP will perform the following specific actions: *Borrowing will be paused for the current BETH market on Venus. *XVS Distributions will be set to 0 for BETH market *Reserve factor will be increased in the BETH market to 100% Vote 👉🏻 https://app.venus.io/governance/proposal/111

Gauntlet Risk Parameter Updates 2023-04-25 https://community.venus.io/t/risk-parameter-updates-2023-04-25/3487

🔵 NEW SNAPSHOT PROPOSAL Proposal type: Normal Proposer: Steakhouse Finance Title: Start the risk assessment and implementation of Credix proposal Details & Vote 👉🏻 https://snapshot.org/#/venus-xvs.eth/proposal/0x08923dcc7c37fcb13c7f24582369553ab7b5d918a7c0fe9d5c230a3f5cdfec1a

🥁🥁🥁 As we close out this exciting month we want to share and discuss with you the most important news and updates from @VenusProtocol and the DeFi ecosystem. ✅ Join us for our "What's new?" roundup in all our communities. Don't miss out! You can consult our activity calendar on http://VenusStars.io

🔵 VIP-110 is Live! Proposal type: Normal Proposer: Community VIP-110 Set Governance as Admin in the VAI Smart contract Summary In this VIP the Governance contract inherits admin of the VAI contract. Description By doing this change, Venus community will be able to authorize the Peg Stability Module contracts to mint VAI, via a normal VIP, in the following weeks. This step is part of the plan to maintain VAI pegged to $1. See more info here. Active until: 22.04.2023 16:15 UTC Please vote everyone! One step closer for VAI! 👉🏻 https://app.venus.io/governance/proposal/110

🥳Join the pool party and deposit fresh liquidity now on the new $VAI / $USDT v3 pool! 🤽👇 https://t.co/dtbSiEHeov @PancakeSwap @BNBCHAIN #DeFI #PancakeSwapv3 https://t.co/5kBTG3CF32 https://t.co/TBGSbskrPo

https://twitter.com/VenusProtocol/status/1648429614895878145?s=20

As #Binance TR, as always, we continue to listen to your feedback and add new listings!🤝 We are listing $ACH and $XVS in TRY trading pair as of Wednesday, April 19 at 11:00 (CET). #BuildTogether Details: https://bit.ly/ACHveXVS #Binance TR olarak, her zaman olduğu gibi sizlerden gelen geri bildirimleri dinlemeye ve yeni listelemelerimize devam ediyoruz!🤝 19 Nisan Çarşamba saat 11.00 (TSİ) itibarıyla $ACH ve $XVS ’i TRY işlem çiftinde listeliyoruz. #BuildTogether Detaylar: https://bit.ly/ACHveXVS

New Community Forum Proposal Publisher: Native.org Proposal: Deploy a new in-app swap fully owned by Venus Please, leave your comments in the community forum everyone! Details: https://community.venus.io/t/proposal-deploy-a-new-in-app-swap-fully-owned-by-venus/3469

⚡️VIP-109 is live! This VIP proposes the Venus community to engage Steakhouse Financial services to support it's #RWA initiatives! 🗳️Vote https://t.co/QrmXAHZT3y $XVS $VAI #RWA #DeFI @BNBCHAIN https://t.co/05kYmSYIOi

VIP-109 is Live! VIP-109 Engage Steakhouse Financial to support Venus RWA initiatives Proposal Type: Normal Proposer: Community Summary The primary goal of this VIP is to officially engage and issue an initial payment to engage the services of Steakhouse Financial to comprehensively support Venus in its RWA initiatives. Details & Vote 👉🏻 https://app.venus.io/governance/proposal/109