Bridge raise\remove Limit

Venus Governance Venus - Governance Discussions
1

Venus will create and LP at ethereum with 8000XVS\30 ETH wich is a start, but this wont be enought for Prime demand… knowing that around 600 BSC are disputing the spots.

Currently Chaos Labs sugested that 10 000$\XVS should be the max ammount, Ethereum chain fees had skyrocket in the last days, as XVS price …

Right now anyone aiming for Prime will be forced to make 2 Bridges transaction wich will cost around 400$, this is only to Bridge around 1000XVS, but if price keeps increasing we will reach a point where it will cost another 200$…

Knowing whales have much more then 1000XVS and wanna to get into Ethereum chain we have a big problem ahead, acordingly to the AVG of Prime … 3000XVS… soo if wanna split 1500 it will cost 600$… Now imagine the whales with 10k or even 100k…

There are two options:

1- Venus ignore Chaos Labs sugestion and increase the limit atleast to 1000XVS soo anyone can grab their Prime spot, wich will be the first demand for sure or remove limit for bridge wich would be the best option, but im aware the bridge might have risks, but this isnt something new soo doesnt make any sense the limit to be honest as several coins had been bridged without limits over the last years…

2- Venus and Binance colaborate and support, Binance is a big supporter of Venus, soo they could easy provide the Withdraw of XVS since first day…

Kindly consider raise the Bridge ammount to something more realistic!!!

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2

I love 2nd options. We should allow the Binance wallet address can bridge any amount without limit. If there is any error, they can easily hand it. We also have big support for this ethereum launch.

3

Agree that the Bridge Limit of $10K worth of XVS is restrictive - should be set to a minimum of 1K of XVS, but even then its not great for moving larger amounts - including the 8K for initial XVS/ETH liquidity never mind the 55K per month as proposed in the Ethereum Mainnet Deployment Program

Collaboration with CEX’s may be the safest and cost effective way to move XVS between Chains. Binance is obvious first choice, but also it gives other exchanges like LBank, BingX, MEXC an opportunity to increase their customer base by offering more XVS withdrawl and deposit options

4

I love option 2. I think the Venus team will deal with this issue as soon as possible.

5

Well its solved … Chaos Labs new recomendation will raise from 10k $ to 100k$ soo its much better now for sure.

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