Summary
We propose to list three new tokenized-equity markets in the Venus Core Pool on BNB Chain, with borrowing paused at launch:
- Venus TSLAB (vTSLAB) — backed by TSLAB (Tesla, Inc.)
- Venus NVDAB (vNVDAB) — backed by NVDAB (NVIDIA Corp)
- Venus SpaceX (vSPCXB) — backed by SPCXB (SpaceX)
Description
For each new market this proposal will:
- Configure the underlying to use its Atlas Oracle price feed (TSLAB/USD, NVDAB/USD, SPCXB/USD) in the ResilientOracle
- Add the market to the Core Pool Comptroller
- Set the supply cap, collateral factor, liquidation threshold, liquidation incentive and reserve factor
- Set the AccessControlManager, ProtocolShareReserve and reduce-reserves block delta on the vToken
- Provide bootstrap liquidity (minting an initial supply and sending the resulting vTokens to the VTreasury)
- Pause borrowing for the market at launch
- Enable Oracle Dynamic Protection Mode (DeviationBoundedOracle, see VIP-617) for the underlying, with a 16.67% deviation trigger
Risk parameters
All three markets share the same interest rate model (base 0%, multiplier 6.67%, jump multiplier 627%, kink 75%). Per-market parameters:
Venus TSLAB (vTSLAB)
- Collateral factor: 60%
- Liquidation threshold: 70%
- Liquidation incentive: 10%
- Reserve factor: 10%
- Supply cap: 236 TSLAB
- Borrow cap: 0 (borrowing disabled)
- Bootstrap liquidity: 0.26 TSLAB
- Protection trigger: 16.67%
Venus NVDAB (vNVDAB)
- Collateral factor: 60%
- Liquidation threshold: 70%
- Liquidation incentive: 10%
- Reserve factor: 10%
- Supply cap: 450 NVDAB
- Borrow cap: 0 (borrowing disabled)
- Bootstrap liquidity: 0.5 NVDAB
- Protection trigger: 16.67%
Venus SpaceX (vSPCXB)
- Collateral factor: 50%
- Liquidation threshold: 65%
- Liquidation incentive: 10%
- Reserve factor: 10%
- Supply cap: 500 SPCXB
- Borrow cap: 0 (borrowing disabled)
- Bootstrap liquidity: 0.51 SPCXB
- Protection trigger: 16.67%
