Call to Restore Governance Integrity: Pause Delegation from 0x6027… to Venus Labs and Return the Bootstrapped XVS

Proposals
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TL;DR: A group of long-time Venus OGs, whales, and community members are deeply concerned that the address 0x60277AdD339d936C4Ab907376afEE4f7aC17D760, which recently (Oct 14, 2025) delegated its voting power (~745k XVS) to Venus Labs, is linked to early, bootstrapping XVS that was never returned. Venus Protocol was launched as a fair-launch project; tokens intended to bootstrap governance should not decide governance outcomes today. We’re asking for public clarification, a pause/abstention on this delegation, and the prompt return of those XVS so governance can retain its legitimacy.

Who’s delegating to Venus Labs (top three by staked XVS)

  1. 0x60277AdD339d936C4Ab907376afEE4f7aC17D760 — 745,057.9289 XVS (delegated on 2025-10-14)

  2. 0xD183F2BBF8b28d9fec8367cb06FE72B88778C86B — 478,050.7660 XVS (widely known in the community as managed by the BNB Chain team)

  3. 0xe8833153aE9171452855D391A1653766b70bdCcF — 373,883.3940 XVS

We appreciate Venus Labs’ contributions. This post isn’t a personal attack; it’s about ensuring a fair and credible governance process.

Why this is a problem

We are not alleging wrongdoing; we are asking for transparency, corrective action, and alignment with fair-launch governance ideals.

Our requests to all relevant parties

  1. Public provenance statement
    A clear explanation from the responsible parties (including any custodians, Venus Labs, BNB Chain stakeholders, and historical stewards) regarding the origin, purpose, and intended disposition of the XVS now at 0x6027….

  2. Pause or abstention
    We ask Venus Labs to pause accepting (or to publicly abstain with) the voting power delegated from 0x6027… until the provenance is clarified and resolved.

  3. Return of the bootstrapped XVS (~600k XVS)
    If these tokens were indeed intended solely to bootstrap governance, we request they be returned ASAP to the XVS contract address (or handled via an on-chain, community-approved vote to burn them, if appropriate).

  4. Claim & distribute staking rewards to XVS holders (~254k XVS)
    Over time, the 0x6027… stake in the Vault has accrued a little over 254k XVS in rewards. We propose:

  • Claim all pending XVS rewards from that address.
  • Airdrop pro-rata to XVS holders at a community-defined snapshot block, excluding the 0x6027… source address and any clearly affiliated custodial wallets.
  • Publish a transparent report: claim txIDs, total rewards claimed, snapshot details, allocation formula, excluded addresses, and the final distribution list.

Closing

This is about closing an old chapter the right way, respectfully, transparently, and in line with Venus’ fair-launch DNA, so that future governance has real legitimacy. Let’s fix this now and keep Venus strong.

On behalf of multiple Venus OGs, whales, and community members.

3 Likes
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I wanted to point it out in a way bigger post. There are more things that should be clarified shortly.

Totally support the idea.

These tokens should get back to the treasure and the % earned through the years should be given back to the holders as it was part of the vault apr!

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I fully support the call for transparency — the community deserves to know where those XVS tokens came from. That’s a fair and legitimate concern. But the way it’s being expressed now feels counterproductive. When the tone of discussion turns toxic, demanding, and dismissive instead of constructive, it stops being about governance and becomes about ego. That’s not how you build trust — that’s how you destroy it.

The reality is that Venus Labs is currently the only team actively building and maintaining the protocol. They’re the ones shipping features, fixing issues, and keeping Venus alive. No one else is doing that. If the community keeps focusing on blame and pressure without offering any real contribution — no code, no proposals, no progress — it’s easy to see how Venus Labs could lose the motivation to continue. And if that happens, Venus risks stagnation or even the team moving on to a new product entirely.

Personally, I don’t care much about whether those XVS tokens stay on the Venus Labs balance or not (just to keep delegation power) — what matters to me is that Venus keeps moving forward. The only measure I could support, at most, is burning them, though I honestly don’t see any real benefit in doing so. The idea of redistributing XVS as rewards seems pointless and potentially harmful — it would only trigger sell pressure and achieve nothing meaningful for the protocol.

I also see no logic in suspending the Venus Labs account from governance participation. They are the only team actively developing the ecosystem. Removing or silencing them would be like grounding your only pilot mid-flight.

Someone needs to clearly state who is actually in charge of Venus so this endless governance circus can stop. Because governance without builders — without people who write, test, and deploy code — is just noise.

Right now, Venus doesn’t need more governance drama; it needs leadership. A team that can take the helm, breathe new life into the project, and still listen to the community’s input.

A community that only criticizes proposals and rejects ideas without contributing — without building, without submitting Pull Requests to core repositories — isn’t a community that helps Venus grow. It’s dead weight. What Venus truly needs are builders (aka Venus Labs), not complainers.

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@theeupr Very well said dude. Lets focus on building and not politics. Personally I don’t really care who these xvs are delegated to as long as they stay out of circulation. The community can consider them to be burned and so are the rewards that the account accumulated.

Just imagine airdropping these xvs to the whales that dumped xvs in the past just to dump on your head again :joy::joy:

TLDR stop drama and focus on building tyvm.

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I strongly support your argument. Venus Labs is a crucial pillar of Venus. They should have voting power

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Even if tokens are distributed, everyone, including myself, will sell xvs ( free money!). I disagree with your opinion. Venus Labs should also have its own rights.

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At the same time, I believe those XVS should be removed from the staking Vault. Venus Labs can keep their delegation power, but for staking XVS, they should use a separate account containing tokens with a clearly known origin. This way, the rewards pool remains fair, and the community can see exactly what funds are being used.

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You make several valid points about the importance of keeping Venus moving forward and recognizing the contribution of Venus Labs — but there’s also a crucial side to this discussion that can’t be ignored.

These XVS tokens were reportedly used to gain APR from the vault without any official authorization. That represents almost 10% of the total staked amount, meaning those tokens effectively took nearly 10% of the rewards that should have gone to long-term holders who staked their XVS fairly. That’s simply not fair to the community.

If there was any form of agreement or internal decision about these XVS, then the community should have been publicly informed — including who owns them, why they were allocated, and under what conditions. Without that transparency, trust erodes. In my opinion, the most reasonable resolution would be to burn those tokens, while distributing the interest they accrued back to the legitimate holders.

It’s also worth pointing out that Venus Labs is “the only team building” because someone placed them in that position. There was no open governance process, no developer competition, and no community vote regarding leadership, including Brad or the new CEO. That raises a legitimate question: who is truly leading Venus?

Yes, we absolutely need builders — but there should also be a clear, transparent path for how development grants are awarded and how teams are funded. At this point, we don’t even know who is financing Venus Labs or how much they are being paid, do we?

This isn’t about attacking anyone from the current leadership; it’s clear that there may be people operating above them, making the key decisions. The real issue is the lack of transparency that has persisted for a long time.

Finally, no one is suggesting that Venus Labs should be blocked from voting. However, any voting power they hold should come from a legitimate, verifiable source. There’s always a proper, transparent way to acquire XVS — through governance decisions and treasury allocation, not through unclear or unauthorized means.

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Leadership means clarity. Audit the 0x6027 wallet, pause the delegation, and let facts decide the rest. Venus Protocol grows stronger when accountability leads the way.

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I support the call to address this problem, which has been a pending issue since Venus early days.

However, I think a different proposal should be considered for how to distribute the staking rewards.

I agree that this is a Venus Governance matter, not a direct issue with Venus Labs. I support Venus Labs’ continued development and also support the community’s goal of achieving clean Governance.

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I appreciate the detailed research and historical context shared here. Governance transparency remains essential to maintaining trust and legitimacy within the Venus community and as a DAO.

That said, it’s equally important to acknowledge the significant progress and renewed professionalism that the new Venus Labs leadership has brought to the protocol in recent months. The team has shown a strong commitment to transparency through clear communication, timely disclosures on treasury and risk operations, and consistent efforts to rebuild confidence after a challenging period.

A concise statement clarifying the provenance and purpose of the 0x6027… address would certainly help reinforce governance credibility and align with the fair-launch ethos Venus stands for but at the same time, I encourage everyone to give Venus Labs and other relevant historical stakeholders the opportunity to present their plans as promised, during the upcoming AMA. Let’s reserve judgment until all information is on the table and focus on constructive dialogue rather than speculation.

Venus is clearly evolving and the solid foundation being laid by the new leadership deserves both trust and the opportunity to prove itself.

Let’s continue to BUILD.

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Bravo @theeupr , I couldn’t Express better what you’ve point out.

Secondly I thanks Danny for pointing out progress done with new leadership. You point of view is always weighing

Overalls I agree that transparency is important, but I believe that we are focusing on the wrong subject and it’s happening way to much time in Venus recently.

I’m not sure where that address has its origins nor its true purposes.

But one factual fact is as @theeupr has mentioned, is that what building and committed to Venus Protocols progress and development is only done and keep being done by Venus Labs, and as Danny said, Venus is evolving ,in the right direction for a brighter futur with the new Leaderships

What matter the most is what’s being achieve and what’s going to be achieved. And I believe most of us agree that we are in good Hand.

Of course, I don’t agree to pause Labs Account as said before they are the elements that keep actively building and maintaining the protocols , pausing Labs right is harmful to the Protocols and I believe it’s common sense that this is very bad signals launch for anyone holding Xvs or using Venus.

I believe even tho we need to know provenance of these Xvs newly delegated, but I believe aswell that Venus Labs, since they are the one actively building and delivering , and the only entities keeping Venus Protocols alive, they somehow are legitimately eligible to have this voting power to back up their commitment.

I believe drama should be stopped and let builder build. We are currently lagging behind compare to a lots of protocols and we need team to focus and deliver.

Venus futurs is in the hand of new leadership and most people are supporting new leadership’ team development.
And that’s what matter most, and also that why i don’t agree on this proposals.

We need focus on building and not drama. Enough of this

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Anyone still holding xvs is the definition of insanity. Those tokens were given to binance for free. Thry can be dumped at anytime.