Summary
If approved, this proposal transfers the Q2 2026 buybacks to the XVS Store, funds the Q3 XVS Vault Base Reward allocation, updates the XVS Vault reward speed on BNB Chain for the quarter, and repays the Treasury for the WBNB previously used to fund the Vault.
Background
Each quarter, a share of Venus protocol revenue is used to buy back XVS, which is then distributed to XVS Vault stakers in the following quarter. Per VIP-585, XVS Vault Rewards are distributed only on chains generating at least $50K in average monthly revenue over a rolling 6-month period; currently only BNB Chain qualifies.
Details
Q2 2026 protocol fees on BNB Chain and their tokenomics allocation:
Protocol Fees
- Reserves: $448,643
- Liquidation Fees: $246,214
- Total: $694,857
Tokenomics Allocations
- XVS Buybacks: $138,971 (48,607 XVS)
- Venus Prime: $89,729
- Treasury: $327,186
- Risk Fund: $138,971
The XVS available for Vault rewards this quarter comprises the Q2 buybacks accumulated in the XVS Vault Treasury together with the fixed base allocation of 308.7 XVS/day. Distributed over the 91-day period from 6 July to 5 October 2026, this sets an XVS Vault reward speed of 535.073 XVS/day, for a projected Vault APR of ~2.14%.
This proposal also funds the fixed XVS Vault Base Reward allocation for Q3 2026, transferring 28,092 XVS (308.7 XVS/day × 91 days) from the Core Pool Comptroller to the XVS Store.
In addition, this proposal repays the Treasury for the WBNB previously drawn to fund the XVS Vault (≈$17,000), with the repayment sourced from the Prime Liquidity Provider.
We welcome community feedback on this proposal ahead of submitting it for a VIP vote.