VIP-380 Quarterly XVS Buyback and Funds Allocation Summary This VIP outlines the

protocol’s Quarterly Buyback and Funds Allocation strategy as per our Tokenomics V4, emphasizing the following key aspects for Q3 2024:

BNB Chain:

Protocol Reserves & Liquidation Fees

- Protocol Reserves: $1,585,318
- Liquidation Fees: $1,050,956
- Total: $2,636,274

Tokenomic Allocations:

- XVS Buyback: 79,822 XVS ($615,120)
- Venus Prime: $317,063
- Treasury: $1,791,956

ETH Mainnet:

Protocol Reserves & Liquidation Fees

- Protocol Reserves: $160,440
- Liquidation Fees: $282
- Total: $160,722

Tokenomic Allocations:

- XVS Buyback: $32,144
- Venus Prime: $32,088
- Treasury: $96,490

Arbitrum: Protocol Reserves, Liquidation Fees and Tokenomic Allocation will be accumulated and considered for the next quarter, as not enough time has passed since its deployment

*Note: All token prices and amounts will be calculated for Oct-01-2024 12:59:55 AM +UTC, block number 42711932.*

*The XVS Buyback was executed gradually over the quarter for BNB Chain and has yet to be converted for ETH Mainnet.*

If approved, this VIP will perform the following actions:

BNB Chain:

1. XVS Buyback Allocation: Send the 79,822 converted XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 1,500 daily XVS.

ETH Mainnet:

1. XVS Buyback Allocation: Send 22,577 XVS from the XVS Vault Treasury to the XVS Store, for the new XVS vault rewards.
2. XVS Vault Speed: Set the new XVS Vault reward speed to 240 daily XVS.

Arbitrum:

1. XVS Vault Rewards for Arbitrum: Transfer 4,500 XVS from the Venus Distributor on BNB Chain to the XVSStore contract in Arbitrum, in preparation for the next quarter following the Arbitrum Deployment Proposal.

- VIP simulation
- Tokenomics V4

Vote 🗳: https://app.venus.io/#/governance/proposal/380?chainId=56

What vault apy will we have for the q4?

It's estimated to be down to about 7%, which is getting more and more disappointing.

I was glad to see this, as it should help store the value of the XVS tokens already accumulated.

This meas prime on Arbitrum Will be next quarter?

Prime will launch on Arbitrum this quarter, likely this month

Can't we make the treasury allocation flexible such that when the allocation for a quarter is this low, we allocate upto 60 for the xvs vault and prime and 40 goes to treasury. This becomes dynamic and strives to achieve around 10% APR. My thoughts!

Your thoughts are as mine

Thanks, pls check dm

i somehow agree