fresh news
Not yet. But according to Danny we should be expecting new recommendations today
GM mate. They sent us the reccomendations last night a bit late yes. They should be on the forum shortly. They recommended we increase XVS CF to 60% and augment supply cap, as well as a few other changes. They actually replied in the forum last night to user's messages about their last recommendations as well.
Can you update on the bad debt settlement situation?
It'll be addressed as soon as we finalize shipping Venus v4, together with a few other asks the community has been doing for a while. RN we need to concentrate on shipping...
thanks, but can you explain some of my questions about it. 1. What if venus continues to fail to settle bad debt? Is there a bankruptcy? 2. What do you think about over $80 million in bad debt, even bigger than xvs' market cap?
Mate. Look around a little... Venus is THE most profitable DeFi Lending & Borrowing platform on BNB Chain and protocol revenues are quite sufficient and about to increase by a lot. We also have millions accumulated in the risk fund to repay the shortfall and no, there's no such things as bankruptcy for Venus. Right now, amongst other things, Venus is working on and will be releasing this quarter: - Isolated Lending Markets (about 20 new markets for the initial launch) - Various RWA deals - VAI PEG Stability Module - Soulbound Token - Stable Rate Borrowing Just do a little maths and you'll understand clearly the path we're going... ;)
The bad debt to me is just a slowly dying tree in a forest that we’ll eventually cut down, but doesn’t stop the trees around it (our development) from flourishing. Thanks for coming to my Ted Talk. 😁
Thanks Danny.. after looking at these words.. i bought some more xvs and vaulted it.. by borrowing some stables.. keep us motivated
Viva Danny - Bravo Danny. 🥰
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