Summary
This document provides an updated assessment of Venus Prime’s performance on Ethereum Mainnet and recommends adjustments to its reward distributions for the new quarter. The primary goal is to align incentive allocations with the latest market data while sustaining protocol growth and user participation. The reward distribution ratios remain unchanged, but the absolute values have been updated based on the new data provided.
New Reward Distribution Proposal
The reward distribution ratios remain consistent with the previous proposal, but the absolute values have been adjusted to reflect the new 3-month rewards and reduced total monthly rewards.
3-Month Reward Distribution Recommendations
- WETH_LiquidStakedETH (ETH): 6.78
- WBTC_Core (BTC): 0.0055
- USDC_Core: 900.00
- USDT_Core: 900.00
Total rewards for 3 months: $15,000
Details and Considerations
These recommendations are based on the latest market data and aim to ensure the sustainability of the protocol while maintaining user engagement.This adjustment reflects the updated token prices, volumes, and reserves observed over the last quarter.
Deployment Performance
Vault Growth
User Activity
Adjustment Recommendations
- Average Monthly Revenues for the last 2 years: $20,000
- Average Monthly Allocation for Prime: $4,000
- Remaining Budget: $8,237
- Proposed Monthly Rewards: $5,000
This analysis sets the reward levels to ensure sustainability for at least 12 months under current conditions, balancing user engagement and protocol growth.
Table 1: Proposed Quarterly Rewards
| Token | Current Rewards (Proposal) | New Rewards (Provided Data) | Difference |
|---|---|---|---|
| USDT | 2,700.00 | 900.00 | -1,800.00 |
| USDC | 2,700.00 | 900.00 | -1,800.00 |
| ETH | 20.35 | 6.78 | -13.56 |
| BTCB | 0.0165 | 0.0055 | -0.0110 |
Total rewards in USD: $15,000
Table 2: Proposed Monthly Reward Distribution Change
| Token | Current Proportion Proposal | New Proportion Proposal |
|---|---|---|
| USDT | 6% | 6% |
| USDC | 6% | 6% |
| ETH | 85% | 85% |
| BTCB | 3% | 3% |
Conclusion
Venus Prime continues to deliver meaningful user engagement and revenue growth. Implementing the updated reward distribution for the next three months will better align incentives with the latest market data, optimizing the program’s performance. No additional transfers are required, as the Income Allocator and Token Converters manage distribution automatically. A new performance review will follow after this three-month period to determine if further adjustments are needed.
