Hello community, ➡️ The year 2024 marks a crucial moment for

Question

Hello community, ➡️ The year 2024 marks a crucial moment for

Venus as it expands into the multichain paradigm for the first time, demonstrating its commitment to decentralized finance.

➡️ Venus supports incentives offered by Lido, Curve, Frax, and Gitcoin on the Ethereum Mainnet, contributing XVS rewards to relevant markets.

➡️ 137,500 XVS are allocated for the first quarter as liquidity incentives in relevant markets.

➡️ A quarterly base reward of 22,500 XVS is established for the XVS vault on Ethereum, with a 10% increase starting from the third quarter.

➡️ Deposits of XVS in the Governance Vault on Ethereum will be considered for eligibility in Venus Prime from the vault activation day.

➡️ 8,000 XVS and 30 ETH will be provided to initiate liquidity on Uniswap, facilitating user and partner access.

➡️ A multichain/cross-chain development grant program is launched with an allocation of 15,000 XVS to encourage integrations across different blockchain ecosystems.

➡️ Incentive partnerships are established with Lido, Curve, Frax, and Gitcoin to co-incentivize specific markets and foster innovation.

➡️ This strategy is expected to be a significant catalyst for the growth of the Venus ecosystem in the landscape.

Latest Votes

Snapshot: XVS Development Program Ethereum Mainnet with Lido, Frax, Curve, and Gitcoin
(https://snapshot.org/#/venus-xvs.eth/proposal/0x39947aa28f834f73a607b506cf495925eda7ba2b5ab9e591ab23adb1f802cceb)

VIP-272 Initiate XVS liquidity for Ethereum rewards
(https://app.venus.io/#/governance/proposal/272?chainId=56)

VIP-273 Risk Parameters Adjustments (Ethereum XVS limits)
(https://app.venus.io/#/governance/proposal/273?chainId=56)