VIP-283 Quarterly XVS Buyback distributions and Funds Allocation Summary This VIP outlines

Question

VIP-283 Quarterly XVS Buyback distributions and Funds Allocation Summary This VIP outlines

the protocol’s Quarterly Buyback and Funds Allocation strategy as per our Tokenomics, emphasizing the following key aspects for Q1 2024:

- Protocol Reserves: $9,732,402.01
- Liquidation Fees: $3,409,574.96
- Total: $13,141,976.97
- Total Buyback Amount: $1,284,790.89 (72,905.06 XVS)

The following actions will be executed in this VIP:

- Transfer $383,986 (21,789.17 XVS) from the XVS Vault Treasury to the vTreasury for the reimbursement of the Q4 2023 protocol reserves buyback allocation.
- Transfer $1,284,790.89 (72,905.06 XVS) to the XVS Store for vault reward distribution.
- Set the new daily emission rate to 1,840 XVS. This change is estimated to increase the vault APY from 8.45% to 9.55%.

XVS Vault Daily Emission Speed:

The 72,905 XVS, along with the 93,450 XVS from XVS Vault Base Rewards, results in a total of 166,355 to be distributed over 90 days. With this, the daily emissions will increase from 1,440 to 1,840 XVS per Day, increasing the vault APY from 8.45% to an estimated 9.55% for Q2 2024.

Additional details in VIP description.

Vote 👉🏻 https://app.venus.io/#/governance/proposal/283?chainId=56

#blockchain #cryptocurrency #english #venus

0

05.04.2024

4 ответов

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Obacoin Ayemhere

Dear all, I see that our $1,284,790.88 for 72,905.06 XVS is at $17.62. This does not represent the average price for XVS and at which we did the buy back for the period. Please, is there anything I am missing here? Deborah | 🇳🇬 Never DM First 🇳🇬 @NoOneVII Dominik | Venus

0

23 дня назад

Deborah | 🇳🇬 Never DM First 🇳🇬

Obacoin Ayemhere
Dear all, I see that our $1,284,790.88 for 72,905....