#VenusProtocol Weekly update has now been published.https://twitter.com/VenusProtocol/status/1421638070399651841?s=20
Draft VIP 33: Support Pancakeswap (CAKE) on the Venus Protocol.https://community.venus.io/t/draft-vip-33-support-pancakeswap-cake-on-the-venus-protocol/1356
The #VenusProtocol Risk Assessment Framework V1.0 has just been released!
https://medium.com/@Venus_protocol/42dce1e3ca27
Draft VIP-30 Set XVS borrow limit to 0οΌhttps://community.venus.io/t/draft-vip-30-set-xvs-borrow-limit-to-0/1032
Congratulations to $MATIC our grand winner!
ποΌhttps://community.venus.io/t/draft-vip-31-support-polygon-matic/1033?u=daniel
As suggested by the community, the Venus Protocol will be adding a new currency to it's lending Platform! Who should we add first?
$CAKE $MATIC or $UNI
https://twitter.com/VenusProtocol/status/1409539212152426497?s=20
The latest AMA of VIP29 and Venus V3 was held in the Venus Protocol telegram group recently. We answered a series of questions from the community. More to come this week! See the recap hereοΌhttps://blog.venus.io/venus-ama-q-a-e47845f3f566
The AMA of VIP29 and Venus V3 roadmap will be held in the Venus telegram group on June 26th at 9 AM (SGT) . We will answer a series of colletced questions from the community. See you thereοΌhttps://t.me/venusprotocol
The Venus Incident Post Mortem has been published which covers:
- Incident Details
- New Venus Council & Changes
- Explains address correlation
- No insider attack
- System shortfall coverage
- Airdrop compensation to those effected
and other details π
https://blog.venus.io/venus-protocol-incident-post-mortem-4468c87d245e
We have partnered up with Pancake Swap to bring a VRT-BNB liquidity provider pool to earn CAKE tokens! Users who provide VRT-BNB liquidity can stake those LP tokens in PancakeSwaps VRT Syrup Pool which will accumulate CAKE tokens.
The Farm:
In order to host the VRT Syrup Pool, we will need to provide a VRT-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
Venus Protocol Update - 5/27
Please read our latest update on Venus below addressing open items and roadmaps:
https://blog.venus.io/venus-protocol-update-5-27-6da56db26902
To prevent future potential loss from occurring, VIP-27 will allow updates on collateral factors for $XVS and $SXP by gradually reducing the collateral ratios by 5%. This proposed initiative would also equip users with an opportunity to repay their outstanding loans.
Collateral Factor Adjustment:
XVS β 80% to 75%
SXP β 80% to 75%
#Venus to deploy VIP-26 Proposal to adjust reserve and collateral ratio. More details here: https://blog.venus.io/proposed-risk-enhancements-on-venus-protocol-24f0526335c7