This proposal sets a fixed price for SXP on the Venus Chainlink oracle, replacing a price feed that is no longer available. SXP is a long-deprecated, paused market on Venus; this is a maintenance action to keep its oracle behavior deterministic.
Background
SXP (originally Swipe) was migrated and rebranded to Solar via a 1:1 token swap and now lives on its own chain. The SXP market on Venus BNB Chain has been paused for an extended period and holds only residual positions. Following the delisting of Solar (SXP) from major venues in April 2026, SXP market liquidity has collapsed and its USD price has fallen to near zero.
In light of this, Chainlink has decided to retire its SXP/USD price feed, and the feed was switched off this week. With the feed no longer reporting a price, the Venus oracle can no longer obtain a valid value for the SXP market. A live market that still depends on an unavailable feed is a risk to the protocol: price reads can revert or return no value, which can block repayments and liquidations and leave the market in an inconsistent state.
To remove this dependency, the Venus Chainlink oracle supports a fixed direct price for an asset. Setting a fixed value of 0.00046 USD makes the oracle return a deterministic price for the SXP market independent of the retired feed, allowing any remaining SXP positions to be wound down in an orderly manner.
Summary
If approved, this VIP will:
- Set a fixed direct price of 0.00046 USD for SXP on the Venus Chainlink oracle, replacing the retired SXP/USD feed that Chainlink switched off this week.
- Ensure the oracle returns a deterministic price for the paused SXP market.
- Make no other change — the SXP market remains paused and no risk parameters are modified.
This is a Critical VIP submitted to restore correct oracle behavior after the upstream SXP feed was retired.