answer?
Mic will be open to you in Discord in 70 minutes. Everyone will have a voice.
On the contrary, we want everyone to be somehow happy while also making sure it does not affect Venus and XVS Holders in a negative way. We want to avoid further delays and discussions so, let's get it done with for the sake of Venus please. I'm tired of talking about VRT when we potentially have Billions of dollars of TVL coming to Venus with our next products. This is Where the attention should be but instead, we're all wasting time with VRT talks everyday, all day & all night.
Right so if we have billions of dollars, why are we fighting over pennies here? Why are we forcing changes to a plan that was made 6 months ago by a professional risk management team?
Even VRT holders are family. XVS and VRT are the same family. Please make sure your family can enjoy the future of Venus together.
So where is the difference between what was proposed and what is being offered today, other than 2 different options for the vesting?
cocoa: I put together a quick recap of the two proposals for the vrt to xvs swap to clear up any confusion. Option 1. 60m vrt can be swapped daily. At 8b vrt outstanding(if team burns all other vrt) that's 135 days of competing to swap to xvs. After you swap, then your xvs gets vested for 12 months unlocked everyday in each block. This whole process will take 18 months and you will earn no interest from the xvs vault until your turn to swap and then after its vested. So no 15-20% Option 2. All vrt is immediately swapped and put in the xvs vault to earn 15-20% interest. Every month 1/12th of swapped xvs will be availbe for withdrawal.
Let me have a closer look at this with the team.
Those who hold XVS do not comment much, but this guys always says VRT and for some reason you always edit according to these comments. Bring both options to the vote, let's vote, why are the same people creating chaos all the time? Please listen xvs holders to
Were back to the community thing again. So we had a plan for 6 months and everyone who held vrt now and to have a new vote for why? Nobody in vrt asked for a new vote and people sold vrt for xvs.
A few hours, sure.
You are manipulating lol, everyone knows you sold xvs for cheap vrt
If you sure , let’s do it in few hours
So based on this, option 1 is use vesting with fixed unlock time (initial proposal) while option 2 is Use fixed speed vesting https://community.venus.io/t/vip51-use-fixed-speed-vesting-in-vrt-swap/2209
Ok guys, cancel the call. We will do the calculations on all of this and early this coming week have a community call and present the summary numbers for each option to show how each one has benefits & downsides to the community. It is important for XVS holders as well as they will want to know the dilution rate of their Vault rewards as well if this option was to be proposed. This is not only about VRT Holders but also XVS Holders. We will build the financial model for each option on Monday and then, we can put those figures into a nice presentation for the call. We will also share the spreadsheets with the community in case there are any math people out there who want to see the details.
Mate dont cancel it. Let us do the call if u can make it and then settle for good.
I think this is a good idea. I also think xvs holders have nothing to worry about. I hold a lot.l of xvs as well. Im starting to realize a lot of people haven't looked at the numbers. The vrt swap amount is incredibly small compared to the xvs market cap. Spread out over 12 months and its literally pennies. Once you realize this younwojt care about vrt holders choice anymore.
Sounds nice Danny, thanks for your effort on this. My only advice... let´s do this ASAP and put all the Venus Team resources on what matter most (and definetly is not VRT swap new vest fancy modes)
The worst decision to be made was that vip51 did not come tonight and you made that decision. I really want to congratulate you for extending a simple swap. If 12 months seems short and will create sales pressure, then immediately translate all vrts and distribute them in 24 months instead of 12. it's that simple
Why is it being delayed, it's pointless and bad. It is not fair for thousands of people to postpone this because 2-3 people want it.Bad choice,you will also lose those who hold xvs
Exactly. Why was vrt delayed from the fall? If you are unhappy about xvs being delayed then how unhappy do you think vrt people are from delaying 8 months now? We were promised a swap and apy in the vault but we don't have that either.
You said you hold a lot of xvs above, so how do you lose your apy? Venus governance token is xvs not vrt
I said I wasn't earning apy on vrt when I was promised.
With your crying you taking a time from team, so you'll earn pennies on vrt and loose dollars on xvs
Let's debate this then. Who decided to go with number 1? You are. Did you know the team has been coding this number one for 2 months. All that time coding. Number 2 is much easier to code. So let's be real about time.
From where you know team coding only vrt vault 2 month, Kiryll told you that?
You think they have only open branch on GitHub?
Go look for yourself.
No internal developments?
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