Hey guys! At the moment, XVS in the vault earns

Question

Hey guys! At the moment, XVS in the vault earns

XVS that is periodically repurchased from the market.

Would it be possible to distribute protocol fees directly instead: so earn directly USDT, BNB, etc. (less issues with re-purchasing XVS and less sell pressure)?

#blockchain #cryptocurrency #english #venus

0

27.10.2023

17 ответов

14 просмотров

Sergei Faehrlich

🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol
You are practically describing Venus Prime haha

hi, is BUSD borrow not possible anymore?

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27.10.2023

Dom | Venus 🇨🇿

Sergei Faehrlich
hi, is BUSD borrow not possible anymore?

No deprecation of BUSD market started already a few months ago.

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27.10.2023

Sergei Faehrlich

Dom | Venus 🇨🇿
No deprecation of BUSD market started already a fe...

but is looks as if there is still busd supplied and borrowed?

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27.10.2023

Dom | Venus 🇨🇿

Sergei Faehrlich
but is looks as if there is still busd supplied an...

We enabled today our Forced liquidation feature for BUSD market so as you can see these amounts were already decreased by a few millions today.

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27.10.2023

Sergei Faehrlich

Dom | Venus 🇨🇿
We enabled today our Forced liquidation feature fo...

is it possible to supply in one pool and borrow in another?

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27.10.2023

Dom | Venus 🇨🇿

Sergei Faehrlich
is it possible to supply in one pool and borrow in...

No it is not possible.

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27.10.2023

Sergei Faehrlich

Dom | Venus 🇨🇿
No it is not possible.

ok this explains the different APYs

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27.10.2023

Brian FRost 🔶

To earn extra yield coming from protocol revenues, you must stake a minimum of 1000 XVS for a period of 90 days. This boost that we call "Venus Prime" will be provided to BTC,ETH,USDC,USDT suppliers/borrowers. Venus Prime is available to the initial participants who meet these criteria, with a "first come, first served" policy. There are only 500 spots available. If you unstake your XVS, you will lose this enhanced yield opportunity.

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27.10.2023

🅼🅸🅺🅰

Brian FRost 🔶
To earn extra yield coming from protocol revenues,...

500 x 1000 = 500k XVS 😍

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27.10.2023

CADHODL (🤝, 🤝)

Brian FRost 🔶
To earn extra yield coming from protocol revenues,...

BNB not included in this? Will other tokens eventually be added?

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27.10.2023

Brian FRost 🔶

CADHODL (🤝, 🤝)
BNB not included in this? Will other tokens event...

BNB is not included in the initial launch of this APR boost (called Venus Prime). Given the deployment on Ethereum and the impending BTC halving, the community found it strategic to focus on the most crucial and in-demand pools. Venus Prime's code is upgradable by design. A majority vote on a proposal would be sufficient to integrate BNB, for instance in few clicks.

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27.10.2023

CADHODL (🤝, 🤝)

Brian FRost 🔶
BNB is not included in the initial launch of this ...

Weird to not include BNB on launch but glad to hear it can be added subsequently

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27.10.2023

Dom | Venus 🇨🇿

CADHODL (🤝, 🤝)
Weird to not include BNB on launch but glad to hea...

APY on BNB market was in the past very oft boosted by launchpads etc :)

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27.10.2023