This proposal consists of four actions on BNB Chain:
- solvBTC Oracle Upgrade — Switch solvBTC pricing from a Tier 2 to a full three-oracle configuration.
- U Oracle Switch to Dedicated Feeds — Replace non-dedicated proxy feeds for the U stablecoin with purpose-built Chainlink and Atlas U/USD feeds.
- Allez Labs Q2 2026 Payment — Transfer 105,000 USDT from the Venus Treasury to Allez Labs for risk management services covering Q2 2026 (April–July).
- XVS Vault Base Reward Top-up — Fund the outstanding H1 2026 base reward allocation of ~55,875 XVS for the XVS Vault on BNB Chain.
Details
1. solvBTC Oracle Upgrade
solvBTC currently uses a RedStone spot market price feed as its MAIN oracle. Because solvBTC has low spot trading volume on BSC decentralised exchanges (DEXs), this feed is susceptible to price manipulation. Solv Protocol has requested a switch to exchange rate-based feeds, and a Chainlink exchange rate feed for solvBTC is now live on BNB Chain.
The proposed configuration upgrades solvBTC from a Tier 2 (MAIN + PIVOT) setup to a full three-oracle configuration:
- MAIN: CorrelatedTokenOracle using the RedStone SolvBTC_FUNDAMENTAL exchange rate feed — immune to spot market manipulation
- PIVOT: Chainlink solvBTC/BTC Exchange Rate feed — replaces the BinanceOracle, aligning with Solv’s migration away from market rate feeds
- FALLBACK: RedStone cross-market feed aggregating data from approximately 14 centralised exchange (CEX) sources — provides a market price backup
All max_stale values are set to provider heartbeat + 300 seconds, consistent with protocol-wide oracle audit recommendations.
2. U Oracle Switch to Dedicated Feeds
Venus currently prices the U stablecoin using non-dedicated proxy feeds (a Chainlink USDT/USD feed and a USD1/USD feed ), neither of which were designed specifically for U. Both Chainlink and Atlas (formerly CoinMarketCap / CMC) have since deployed dedicated U/USD feeds on BNB Chain.
The proposed configuration replaces both proxy feeds with dedicated sources:
- MAIN: Chainlink dedicated U/USD feed (0.5% deviation, 24h heartbeat)
- PIVOT: Atlas dedicated U/USD feed (0.5% deviation, 24h heartbeat)
This removes the reliance on non-dedicated proxies and improves oracle accuracy for U markets on Venus.
3. Allez Labs Q2 2026 Risk Services Payment
Allez Labs provides ongoing risk management services to Venus Protocol. Per the terms of their contract, fees are paid quarterly in advance. This payment covers Q2 2026 (26 April 2026 – 25 July 2026) and is calculated at $35,000/month × 3 months = $105,000 USDT.
- Amount: 105,000 USDT
- Source: Venus Treasury
- Recipient: Allez Labs
A prior payment to Allez Labs was made via VIP-594.
4. XVS Vault Base Reward Top-up (H1 2026)
The XVS Vault on BNB Chain has a fixed base reward allocation of 308.7 XVS/day. This allocation has not been funded from the Core Pool Comptroller since VIP-529 (July 2025), which only covered through 31 December 2025. Both Q1 and Q2 2026 rewards are now outstanding.
- Q1 2026 (90 days × 308.7 XVS/day): 27,783 XVS
- Q2 2026 (91 days × 308.7 XVS/day): 28,092 XVS
- Total: ~55,875 XVS
The Venus Improvement Proposal (VIP) will call _grantXVS on the Core Pool Comptroller to transfer the outstanding amount to the XVS Store.
Action
This VIP consists of 4 key actions on BNB Chain:
1. solvBTC Oracle Switch
- Configure CorrelatedTokenOracle for solvBTC using the RedStone SolvBTC_FUNDAMENTAL exchange rate feed as MAIN (max_stale: 86,700s)
- Set Chainlink solvBTC/BTC Exchange Rate feed as PIVOT (max_stale: 86,700s)
- Set RedStone cross-market SolvBTC/BTC feed as FALLBACK (max_stale: 21,900s)
2. U Oracle Switch
- Set Chainlink dedicated U/USD feed as MAIN (max_stale: 86,700s)
- Set Atlas dedicated U/USD feed as PIVOT (max_stale: 86,700s)
3. Allez Labs Q2 2026 Payment
- Transfer 105,000 USDT from the Venus Treasury to the Allez Labs wallet at
0x1757564C8C9a2c3cbE12620ea21B97d6E149F98e
4. XVS Vault Base Reward Top-up
- Call
_grantXVS(XVS_STORE, ~55,875 XVS)on the Core Pool Comptroller to transfer outstanding H1 2026 base rewards to the XVS Store
Summary
If approved, this VIP will:
- Upgrade solvBTC oracle coverage to a full three-oracle (MAIN + PIVOT + FALLBACK) configuration using manipulation-resistant exchange rate feeds
- Improve U stablecoin oracle accuracy by switching to dedicated Chainlink and Atlas U/USD feeds
- Complete the Q2 2026 risk management services payment of 105,000 USDT to Allez Labs
- Restore XVS Vault base rewards on BNB Chain by funding the outstanding ~55,875 XVS allocation for H1 2026
We welcome community feedback on this proposal ahead of submitting it for a VIP vote.