The solution to re-peg Vai is coming

Remind me of this in a month

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lets make it two months okay?

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why nobody buying VAI if the peg is so so so so so close?

@Fat

Any info about this wallet which just added 1.21million VAI into pancake pool?

0xf85ae2f70086e907b2ceec3e3402d27ba9a22c15

Looks like they moved liquidity from Biswap to Pancakeswap.

Very soon probably means before the end of summer, maybe the stability fee will have a big range.

Only the team would know this.

they said that audit was going to be finished this month (March) in order to launch the stability fee " Early Q2 " (April?) …
lets see…

inform here if you read something in discord/tg/twitter plz

They also said the tooth fairy was real.

image

VRT should be coming this week apparently.

I’m hopeful but realistic about the progress.

XVS is rallying which can be seen as a positive.

That’s really what I’m wondering… It sounds like a quick +9% nobody cares about.

quick? You might wanna rethink that my friend… you are following this fiasco for long enough, don’t you? If you stake UST you know at least you have those 9% after 6 months…

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9% … maybe 4%-5% if you go with size, and how much can you really pull out of the market maybe $5k from the dexes at a good profit margin for $100k spend.

Maybe you can pull $10k from Binance for $250k.

Is that a good risk reward?

We don’t know what will be defined as stable either maybe $0.95-$1.05 is close enough.

I hear talk of an audit but no evidence of it.

Correct, I didn’t account for market impact, which is big on VAI (reverse to the liquidity, very low).

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anyone could listen to yesterday’s community call? what did they say about peg?

I still remember when in December it was said that stability fee was going to be launched before the end of the month :rofl:

do you guys expect it for May?

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@Danny any info is welcomed Mister Danny :pray::pray:

-.- I have just given up … you perhaps should too…
I swapped most of my VAI to UST and 3 more months and I my losses are cut.

Its ready when its ready… I don’t expect anything before june or july
I guess they just don’t want to scare or drive away this whale that has 30 million VAI and 144 Million collateral on Venus. A stability fee would perhaps liquidate his collateral or scare him off… Its just a joke how long this freaking stability fee is taking them to implement and not a single word on why everything else is seen as more important… that is what was making me leave my VAI position

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

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BTW: Thanks! Did exactly that and am happy with it

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Maybe scare him off, but he has more than enough VAI to pay back the borrow.

Maybe more important but aside from the logo and implementing a swap contract they haven’t achieved much in a whole year.

Totally agree on giving up, Venus feels like it is on the road to nowhere…

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BTW: Who is this Terrence-Guy that started this post? Is he still with the Venus Team?