Coverage for Vanguard/Stars Social Engineering Incident Lossage

I thoroughly support this proposal and Danny.

This was a very unfortunate incidend and this proposal allows Danny and the wider Venus teams to continue doing what they do best - working hard to make Venus the best lender in Defi.

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This should have been done long ago. Strong support on this one. Great work you have been doing. Hope we can punish those mf

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It’s a great work what you do Danny!!! Keep going to make what you know the best…. I support you

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I want to express my full support for the proposal. Venus community has always prioritized security, transparency, and resilience. This proposal ensures that community-managed programs can continue without disruption while maintaining trust in the Venus ecosystem. Supporting this reimbursement is not a bailout—it is a necessary step to restore community operations that were compromised in an unprecedented security event.

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Guys, let’s be clear, this was not a successful attack on the protocol even though that was the target. So, it shows protocols resilience. I support :100: the refund to Danny and team immediately. Thank you for working so hard guys.

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I’m with Danny on this one. We need more actions like this one! This space needs characters like Danny. :v:t2:

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That’s why I’m a venus protocol investor. When we say its a digital bank, security and insurance are more important than anything else.
I am very glad that the losses were compensated.
I wholeheartedly support the proposal. I hope it never happens to anyone again. Because if it continues like this, we may run out of money j/k :sweat_smile:

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Fully support this proposal. Danny’s hard work is undeniable, and the situation also comes with a lot of stress.

This is very important for the team and, therefore, for the protocol.

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Support!
Hand up for Danny, hand up for Venus.
Big up guys!

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Support!
Venus has shown great responsibility in addressing the issue. Supporting the reimbursement ensures continuity for Venus Stars and Vanguard while strengthening community trust. Allocating XVS for losses aligns with Venus’ long-term success.

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Such a move raises further concerns, as XVS is designed with the goal of reducing its supply to support long-term value appreciation. The token’s deflationary nature aims to increase scarcity and market demand, thus fostering the stable growth of the Venus platform. Releasing a large amount of XVS, such as 100,000 tokens, would not only negatively impact the value of the token but also undermine the community’s confidence in the platform’s long-term growth potential.

In this context, using public XVS to compensate an individual’s losses becomes even more problematic. It could directly contradict the token’s deflationary strategy, leading to oversupply and potentially harming the overall market. This action could make other community members question whether all XVS resources should be handled in this way, thus affecting the health of the entire Venus ecosystem.

From both a resource management and long-term platform benefit perspective, releasing a large amount of XVS to cover personal losses should not be a practice that is readily adopted.

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Sh!t can happen with anyone.

I know Danny for already almost 5 years. He is the most hardworking person I ever met. Always dedicated to his work and loyal to his community.
True leader. Now it’s time to community show support and how much we love him.

With Danny now we see Venus from strong side, with huge potential to become number 1 lending platform in DeFi,with last quarter income almost 1000.000$. Venus can easily handle it.

Danny for president! :grinning:

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Hi Candy. Thank you for sharing your concerns. You can be sure I completely understand the importance of maintaining XVS deflationary strategy and ensuring the long-term health of the Venus ecosystem.

There is a major proposal coming up next week that will address not only tokenomics but also several key aspects of the protocol in ways that align with the community’s long-term vision. This proposal takes into account the feedback and discussions from the past several months, making sure that any adjustments are made thoughtfully and sustainably.

I encourage you to review it once it’s live, as it will provide clarity on how we will balance the platform’s growth and address key concerns like the ones you raised.

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Danny is the heart of Venus, and this proposal has my full support :100:

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Ok lets support this proposal guys… Danny deserves all our support for working hard behind the scene.

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I fully support Danny and this amazing team.

I understand how challenging this situation is for us and our community. This security breach not only resulted in financial losses, but also caused significant morale issues within us. However, the way you responded quickly and transparently during this difficult time shows your commitment to the community and the ecosystem.

I believe this proposal is an important step in ensuring the continuity of operations of Venus Stars and Venus Vanguard and maintaining the stability of our community. Furthermore, the proposal to compensate for the losses in XVS seems like a reasonable approach as it supports both the long-term health of the ecosystem and the balanced use of our budget.

Incidents like these remind us all of the importance of constantly reviewing our security measures. I hope this process also contributes to developing stronger protection mechanisms to prevent similar attacks in the future.

I fully support this proposal and hope that we emerge stronger together as a community!

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I’m in full support of the proposal

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I fully agree with this proposal, and you have my support, as I personally hold Danny in high regard and believe he should be compensated for what he unfortunately lost in this incident. I deeply admire the work Danny does here at Venus and everything we are building together as a community. Therefore, I believe it is time to support him just as he always supports us in growing Venus Protocol. Let’s go, community! Let’s show Danny all our support and continue building together.

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Chinese XVS Holders support this proposal 100%, Danny deserves all our support. Thanks for working hard Boss Danny, we got your back.

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Danny deserve this proposal

I fully support this one

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