The solution to re-peg Vai is coming

TL/DR

Venus users will now be able to access PRDT.finance directly through their app.
We are happy to announce that a 15 min XVS prediction in which players can predict using VAI will be added on the 23/11/21

If I’m reading this correctly it should work with the Venus app.

(edit) yep looks like a link has been added although not quite ready yet.

Screenshot 2021-11-23 at 16-38-41 Venus Protocol

Monthly Volume 697,975$

might have something to do with it :smirk:

Let’s see the VAI burn of this week . Do you think they will post the burn transaction to see the amount of VAI burned?
I don’t expect a big burn, maybe around 4.000 - 5.000 vai , what do you think?

Still don’t understand why the VAI price is not appreciating faster… VAI mint is decreasing every single day however the peg is still far.

Do you know if stability fee is planned for December-2021 or for 1Q 2022?

Thanks guys

You can export data to CSV https://bscscan.com/exportData?type=tokentxns&contract=0x4bd17003473389a42daf6a0a729f6fdb328bbbd7&a=&decimal=18

which might make it easier to find the transactions, although I am personally having trouble using this service, if it works for you please let me know.

Speculating a bit here, but from the twitter feed the vault is coming this week, so hopefully we will get the stability fee soon.

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It’s running, and the surprise is the use of DinoEgg to swap the VAI to bet from BNB or BUSD. Of course one is free to use any other way to swap, including Binance, but they provide a shortcut there, using the Dino router, with the Mining rewards.

I’m still wondering how official Dino is relative to Venus. It appeared when VAI were in a weak position, as the VAI holder paradise with 300+ APY for a few days. It had been promoted through the Weekly news then, on Venus.finance (which were still online then) and retweeted by Venus.

Still, the pairs liquidity are currently low, and the high fees (0.3%) whom only 0.1% go to the LP provider won’t help.

Update: another clue here.

Burning VAI doesn’t really make much sense to me, if they implement the stability fee it should fix itself, better to use the revenue to buy XVS and burn which you can track by watching this address: 0x000000000000000000000000000000000000dead

https://bscscan.com/token/0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63?a=0x000000000000000000000000000000000000dead

But for VAI I would imagine you could watch the same address to see.

https://bscscan.com/token/0x4bd17003473389a42daf6a0a729f6fdb328bbbd7?a=0x000000000000000000000000000000000000dead

Surge at 1.14, I took a few, a matter of principle, since the impact on my average would be negligible. Still curious if we see 1.15 before the end of the month, if yes, I’ll grant you the T.A. Crystal Ball Award.

Just read that many users can’t repay their VAIs borrows , so their loans can’t be cancelled .

Any admin knows when will that be solved ?

Source?
The Comptroller smart contract hasn’t change recently, why would this feature be broken?

Source: Telegram admins

Don’t know , they said it is a UI bug

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Crystal clear answer, thanks. I don’t go to Telegram, too many scammers trying to DM and impersonate Metamask support, as @Fat said, annoying.

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Total VAI minted reduced like 43 million VAI tonight … massive liquidations I suppose? how do you check liquidations now that venus.finance is off?

And the VAI price hasn’t reached the peg yet… unbelievable :confused:

You can have a look manually, not the easiest of task.

go to https://www.dextools.io/app/bsc/pair-explorer/0x133ee93fe93320e1182923e1a640912ede17c90c

Look for big transactions.

Click on the maker, that will take you to bscscan, then look for the biggest fee, as what the liquidators do is spam the block with lots of transactions.

image

This address paid back over $40 million in VAI

https://bscscan.com/address/0x6cf9aa65ebad7028536e353393630e2340ca6049#tokentxns

They still have 30m staked.

image

so almost 50% of minted VAIs belong to this adress?

hope owner pays the loan back soon

27,280,524.89 VAI is what they have minted

$30,003,456.24 is what they have locked in the vault.

Paying back the debt would help staking rewards, but since all the debt is locked in the vault it would do nothing for the peg. Maybe a 6-7% interest rate would tempt more people into staking however.

  • that extra $3 mill is not available to others who may need/want it back.
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a little more than 48 hours and we are waiting for 3 freaking months…
Amazing.
Must be rocket science. Has to be…
And this is just 3 months after the announcement.

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it seems that the team has partially abandoned this project … everyday they are less active communicating the news and Venus’ roadmap is always delayed… it’s sad but I still have some hope

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The weekly updates I understand that for Danny should take some minutes to prepare it and it may be boring for him , however they should understand that these updates are very useful for the community and gives us confidence … those as us that are not insiders we need a source where we can be updated every week with all news and changes

@Danny