Autofarm Proposal v2: Collaboration with Venus

The following proposal is based on the previous proposal we posted (see references below for link). We are pleased to announce that after a long time, the AutoFarm team has come-up with a new proposal we think will greatly benefit both our communities.


On 21st April 2021, there was an incident on the Autofarm platform that resulted in a loss of tokens for users leveraging the Autofarm Venus vaults.

The total number of affected transactions on the Autofarm platform amounts to 10839 transactions (see References below). The funds in question are currently residing in the Venus Treasury and are awaiting a successful resolution through the appropriate governance channels.

A list of all transactions affected by the incident can be found here.

Breakdown of lost assets

  • 277,079.581483831 BUSD
  • 1,914,074.59126978 USDT
  • 1,369,406.64665034 USDC
  • 37.00913319105 BTCB
  • 666.16156780432 ETH
  • 13,709.7090667452 DOT
  • 10,703.2057613293 LINK
  • 12,388.2870590230 SXP
  • 201,408.8075515110 ADA


Both Venus and Autofarm protocols are key pillars of the BNB Chain network and a resolution of this issue would allow for both projects to continue to grow and strengthen the overall ecosystem, as well as reinforce trust & transparency in both communities. The purpose of this proposal is to suggest a structured return of the funds in question to the affected Autofarm users. The breakdown of the proposed refund is included below.

Refund breakdown

  • Venus will refund ~85% of the total funds in question to Autofarm.

  • Venus can keep ~15% of the affected funds as a reward for their commitment to helping BNB Chain users to recover the lost funds and for Venus to cover the missed 0.1% withdrawal fee income.

As of 16 August 2022 - CoinGecko opening prices

Autofarm will commit to the following

Reinstate Venus vaults on the Autofarm platform with a newly-worked strategy.

In addition, Autofarm will permanently provide discounted fee rates for the reinstated Venus vaults. These will only have a total of 3.6% performance fee and <0.1% deposit fee, in comparison to the other BNB vaults on Autofarm which are at 4% and <0.1% respectively.

In the future, these new Venus vaults will also be allocated to earn additional $AUTO or other additional token rewards that would further boost the APY of the vaults.

Venus will commit to the following

Refunding ~85% refund of the lost assets as mentioned in the breakdown above.

Venus will keep a reward bounty for helping solve this issue of 15% of the assets to fund community approved endeavors.

There will be no additional out of pocket cost from Venus protocol.


  • Restore users who suffered a loss during the incident, as well as reinforce trust & transparency in both communities;

  • Given the lower fees charged by Autofarm as compared to other yield optimizers + will be providing additional $AUTO in the future; these factors would increase the APY of existing assets & help to keep deposit into Venus vaults attractive;

  • This will be beneficial for the Venus platform because of the traffic that Autofarm will bring as one of the top yield optimizers on BNB Chain. This traffic includes increased TVL and volume for the Venus protocol;


Venus Treasury address -

Previous Autofarm Venus Collaboration Proposal -

Venus Tweet December 18th, 2021 -

Autofarm Tweet December 18th, 2021 -

Autofarm - Venus withdrawal transactions -


It seems a great proposal to finalize this subject :handshake:


The team continues on its way, cleaning up the bad things that the old team left behind. I support the new proposal. I want it to be finished as soon as possible


Nice proposal :ok_hand:
I wish this issue will be resolved positively for both platforms


A very valuable suggestion. This cooperation will solve many problems.:+1::muscle::muscle:


After so much time, I had lost all my hope that this issue would be resolved. It’s more than a year since I was affected by this problem and it really hurt my finances. I can only hope that this time we manage to definitely see a solution.

I cannot express how much I support the proposal and that I’m happy that WE, the affected users, are not forgotten.


So is any project building on top of venus with faulty code going to be covered by venus!
Totally reject this proposal as it has nothing to do with venus.

It has everything to do with Venus because the funds are in their Treasury. It is a proposal from autofarm side and it’s up to Venus and the community what to do with it.
Totally support this proposal as it will be beneficial for both communities if it would pass.


I like the idea to solve this old issue and move forward. :wink:


For more information about further steps:

Dedicated Telegram group:

1 Like

This is a great proposal, finally after long time both Teams found an agreement. This is very good for both and for the health of entire BNB ecosystem. I will support totally it.


Nice proposal :ok_hand: Let’s do it to fix this old issue…


This is a win-win for both Venus and Autofarm which brings the reputation to both projects as an important conerstone within BNB chain. I can’t think of a better marketing than a closure to this event.

Most of users choose projects out of reputation. Did it win a prize? Did it have strong backers? did Binance endorse it or not? It’s obvious Venus has Binance support and Autofarm won the grant MVB prize. With the proposal and happy ending, I beleive the date for BNB eco to attract greater users base just come closer. It’s secure to invest in projects that were listed on Binance, that’s what people will remember!


Yes I think it’s a great proposal to move forward!

1 Like

What you also need to include in the agreement is a phased withdrawal of funds over a year. This is to avoid any sudden run on our protocol. Just a suggestion. I come in peace

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I think IF this passes, it would show Venus’ greatness & a perfect bonding of 2 communities. Personally can’t wait to get (some of) my funds back. I had already lost hope for this.

Bought & staked some XVS😍

Let me buy some more Fried Chicken pls!¡

1 Like

I hope both parties will find a solution. Thanks for not forgetting us autofarm and venus

with this proposal executed we close a long bad period and we can take back the leadership in the BNB ecosystem and go back to ATH ! super supportive!