VIP-369 [zkSync] XVS rewards on zkSync Summary If passed, this VIP will

Question

VIP-369 [zkSync] XVS rewards on zkSync Summary If passed, this VIP will

perform these actions following the proposal [ZKsync] XVS Incentives Model Proposal:

- send 36,000 XVS tokens from the XVS Distributor on BNB chain to the Venus Treasury on zkSync Era. These funds will be distributed this way:
- transfer 6,000 XVS from the Venus Treasury on zkSync Era to the XVSStore contract, used as XVS vault rewards
- transfer 30,000 XVS from the Venus Treasury on zkSync Era to the XVS RewardsDistributor of the Core pool, used as market emissions
- transfer of 1,500 XVS from the XVS Distributor on BNB chain, and 5 ETH from the Venus Treasury on BNB, to the Community Wallet on BNB chain. These funds will fund the XVS/ETH pool on Uniswap zkSync Era

Description

According to the proposal [ZKsync] XVS Incentives Model Proposal, the following XVS rewards will be enabled on zkSync Era for the first 30 days:

- Market Emissions: 12,000 XVS allocated as liquidity incentives, for the following markets in the Core pool on zkSync Era:
- WETH: 2,400 XVS
- WBTC: 2,400 XVS
- USDT: 1,800 XVS
- USDC.e: 3,600 XVS
- ZK: 1,800 XVS
- In every case, 80% of the XVS rewards will be for the suppliers and 20% for the borrowers
- Market emissions could be updated after 30 days in a different VIP, following the incentives model proposal, to distribute the 18,000 XVS also sent to the RewardsDistributor contract

The XVS Vault Base Rewards will be configured in this VIP to distribute 6,000 XVS in 120 days.

Moreover, 1,500 XVS and 5 ETH will be provided to a XVS/ETH pool on Uniswap zkSync Era.

In total, 37,500 XVS will be transferred to zkSync Era to accomplish the requirements for the first 4 months.

🗳 Vote: https://app.venus.io/#/governance/proposal/369?chainId=56