[UPDATE] WBETH Depeg Compensation + 1st VIP Details

Venus Governance Venus - Governance Proposals
1

Following feedback from users in the main Telegram channel, as well as feedback collected from 1-1 conversations with affected users, we are proposing a new compensation method for users affected by the WBETH depeg.

Regarding the previously proposed 10% liquidation fee compensation, many users pointed out that while that would be the net loss in a typical liquidation, the WBETH event was an anomaly. The 10% compensation would not fully cover losses related to the WBETH price depeg itself. As such, we would like to propose this compensation method instead: total value of collateral seized minus total value of debt repaid.

In other words, the difference between the total value of collateral seized and the total value of debt repaid.

Please refer to the previous community post to read the arguments put forward by the Venus community, the majority of which were calling for a different approach to compensation than the initial suggestion.

The details are as follows:

  • The price of the depeg will follow Chaos Labs’ analysis of the depeg: 10-Oct-2025, 21:43-23:30 UTC. You may refer to their post on the community forum for more information. Only liquidations that occurred within this timeframe will be considered for compensation.
  • For calculations, we are aligning with Binance’s pegged price for their compensations: 11-Oct-2025, 00:00 UTC. This is to be fair to all users, who have varying situations. Since liquidators can select which collateral to seize from users who have funds in the core pool, several users did not have WBETH liquidated, but lost other collateral assets instead. As such, standardised pricing is implemented to be fair to users of all situations.
  • The Venus risk fund currently sits at a value of $25.1m, including 10.5m USDT.
  • Using this newly proposed compensation method with our current list of eligible liquidations that users have made claims on, we expect the compensation amount to total $4,708,884.98. This amount is not final, and any changes will be clearly communicated via this forum.
  • As there is sufficient USDT in the risk fund, no conversions will need to be made.
  • Compensations will be paid out to users’ wallets directly in USDT.
  • The first VIP to compensate the first batch of affected users is targeted to be published tomorrow. Below are details of each wallet and its associated liquidations.

VIP 1 Compensation Details

Note: all monetary amounts are stated in USD

Below are the wallet addresses of users who have been contacted personally and have confirmed the compensation amount. If you have not been contacted yet, we will do so promptly, and you will be part of the second VIP for compensation. If you have been contacted but have not confirmed your refund amount before the time of this posting, your refund will also be part of the second VIP. Please check your DMs, and always verify the person you are talking to against the admin list of the official Venus Telegram group. We will never ask you for your seed phrase or any passwords.

Wallet address 1: 0xf5eC92db4882b44865408A27364d0d330CF7B4E1

Eligible liquidations:

  1. 0xb8fe89e00f4c399a05e2605ce2b379f79e43ffadc40f6b87e86a121ce0ce6aa8
  2. 0x3f42e9e1a29b6cb009a7860062022fa802b14224d58009a6dbf98393a9069776
  3. 0x6ab762447018c18455ffc9fb26b090f8c3089c48b752195b157a95e9b1de3513
  4. 0x842d62afc0fd64e00fcce5696a4be1ca8e981e9486d8a244c97ce8dfa493ff6e
  5. 0x6c9fc96f05da4ec4ef4e7c53dd6aa16e8acb2efee2c90fcb09a6f38690f284da

Total collateral seized: 2,244,623.36

Total debt repaid: 1,717,716.93

Total compensation amount: 526,906.43

Wallet address 2: 0x448ca4Bc5e3407Ce67bC9D7185cEf5B34C3ADEf8

Eligible liquidations:

  1. 0x205af41fcaf828c09535fb517e3c3922e3f8327ff7643680b54c776076c53257
  2. 0xbd342310b36f73bec93e0c616360aff5644464b142add545b010fde4f465cee4
  3. 0x9c95618d6c4f090e7dbc4042bfd41d3eb1f45854063592e2690f4529fcb0c458
  4. 0x11db5880706c27a3730ac260549fc5fada15052686d89266a681d8bac148baaf
  5. 0x52594dd7983344f2883ab7cb21a2c4faa9902bc4f9d5a9bdaf3c4e8cab94ad2d
  6. 0x96dcaaeec8ed4b5ae140222ba85553efe8636467fbf789645a415ec7da8e370a
  7. 0xae78ecb5593db384af6376fd832fa0a55d8d9aa3657ecd0c73320dd0f6337fbf
  8. 0xa9a14819343f4d7a42522bfe5cf469b23ba4f2f9e0b6dfc54c36380273b1f909
  9. 0x781bbf5b5cd53035cbe7951a33900214ebee1a04b932d2d36021829672301cf1
  10. 0xca9ade6af1fe33dbdd429d6653e0fc3c019e85b4de25d9ca6cf0e73ce3e39a4e
  11. 0x419c9d5c17a41447f156dadb1fbebca934dccc3893833f41a867c728f84e61b0
  12. 0x684082662c00358989c9177651bfda1149bc853ad5ce387a9d9f73df1e06aa44
  13. 0xefd7ac208ee314df9574d5499824c79bd5e2997f7b10b38e9b39593a678de0ef

Total collateral seized: 622,152.05

Total debt repaid: 338,389.13

Total compensation amount: 283,762.92

Wallet address 3: 0x3577385c7b5a52d8FbA230AC88C416cd97fA3ccc

Eligible liquidations:

  1. 0x93494573a65e9442293840c87fe1219de22d2825907c74ec712f5a559dbba8d0
  2. 0xbc9e66db383e18f9ad220d507b6191855b96bf0dc9a486970331e201a6015471
  3. 0x3d405e33e64dfa7a5243e8949e24bd1e23e54d9538b6541fbfe7e9a093d025df
  4. 0x7026cd7f259795b52921c5823d18355b3e01cefa8d7b9606da2c9cd9a2b9dba2
  5. 0x7341a4dd8c55b89ed72aa8a367ab11023903832df7f3a68f8d000903cc73324c
  6. 0x4ccc055dc201e710b1cb06353a0dae14c3fe02565176f7bd7b8117b77bdfe052
  7. 0x936afbb6a89924dba8e177980e110c85d454275ecb91bfa98c58b8ec923acb18
  8. 0x9350dba5b6510d6488f9204bd6a2107e7ff4ad2b1391ac7e42aafba0794cba4d
  9. 0x643390737875e043117cde6159cc10e9331416f489cad5ee61baa2bd4c8af8ec

Total collateral seized: 739,994.95

Total debt repaid: 486,328.43

Total compensation amount: 253,666.52

Wallet address 4: 0x711a114519eF264A9FDd4262b7bc6A8F524F9493

Eligible liquidations:

  1. 0xb7412660d9f6afd1cbb05ff07d729a57a764cbbef046510efba4fee8d799341a
  2. 0x6d0717dae328b8115f6a24b88cb95a29a88c82276af8116d82c0806113c85d7e
  3. 0x7920e9aca9f2f1ea3392174f8f4e29fbb557ff010a76d6ab33789a60fc29c25a
  4. 0x94f07a51c6888ebe42a0d02c1cafc7ee48016fc84a49c75a32a29d002fb12e0b

Total collateral seized: 1,573,962.94

Total debt repaid: 1,333,792.98

Total compensation amount: 240,169.96

Wallet address 5: 0xC0442a99C8b0E656986f20C9519cDbCbD52e8C5f

Eligible liquidations:

  1. 0x4c32ce4f215bd7ecc820b2368c96379a08ec458a941577692f6f46311643462f
  2. 0xb43d8ea90ea4d483b6bc26c4e3d37ee702c564a6a24814fcd0c13d3a854075f6
  3. 0x273d6ed1ff58a4e5f18befbf924c8cc009e07cfd8047823aa70f2070221cdc03
  4. 0xd81c4a1b59be45f85ef7f52e879f629bb33a5dd66ea9927342d6ae7217e78b32
  5. 0x0a85e8f03106ebb8a418dba851b971cf8a8a455418ffeb5f693776c20ac6849d

Total collateral seized: 373,813.89

Total debt repaid: 187,097.84

Total compensation amount: 186,716.05

Wallet address 6: 0x7273cda21b54A7C5A0a49e83155e78848a8e78B0

Eligible liquidations:

  1. 0x7dbc439d25601676e6ec48bc6cc4ab91bf759ec3cbb88299fecfc42efc5d3513
  2. 0xb37a7d8370106ef06e18a8c72dbb6b055d035db46826dfeb3e350e0b285b4bc9
  3. 0x829a3732eca502187b6de91e39f323a266ec46b9d8d1daa7daee57574f1a0b44
  4. 0x913704156dd1430ef7dcc5897b57acbfd48e469a236fcc078428169c65890282
  5. 0x4daa2208ff319d4b2ba61b391712499b720bc859677fe5679814bfe36a2130ed
  6. 0xee0ca521824ac238ec741f9b6441026514275d6ae3a381366e70d9113c99da14
  7. 0xa58d2792786aa237d91b9dd120dd31165a6dc053de9fbe84d3c9a08c7147cd1c
  8. 0x5224796c6b8e1713ecf5bfd2b53d1164d2e73972f6eaaa00fdf01b7c0dfa685f
  9. 0xe0244f920c648c6f2483dac442a239bfea5315148b6b62ecd8815f14e0c7a6bf

Total collateral seized: 224,672.39

Total debt repaid: 140,448.28

Total compensation amount: 84,224.11

Wallet address 7: 0x252BEa6e56A8C070e7CfCae3bFa5b2687B65C177

Eligible liquidations:

  1. 0x21f71df9e40ff5554237354c5e57113df434b5534e4a6fdf76a7c70a0cab463f
  2. 0x31b7d93454e155cee6db0b9a94247696f53b3d12edc68f297e59dbe28e925104
  3. 0xa518d588b98abd0645c37ef66f8c14ca4e19705e424397f5b00dc08b19df60f8

Total collateral seized: 211,848.72

Total debt repaid: 132,908.58

Total compensation amount: 78,940.13

Wallet address 8: 0x905E02c15760507075DCf7e3CD8fAEdfda0D0048

Eligible liquidations:

  1. 0x3ec806dba08d34636cc777e2a4c2870148fc137eac065cfa27027b7ffec10fa1
  2. 0xc6b9fbbdee1e23ffc780b5954e449ff2c096767206daf4280234d894d1914535
  3. 0xb53094c8b1e9048eb325256375dc3abea9622d47d319e412e6eda8264b41ede1
  4. 0xd7ce26560f75ddfe58814bf97a38ce97969454345830669294ca8daac31683b2

Total collateral seized: 227,224.93

Total debt repaid: 159,957.87

Total compensation amount: 67,267.06

Wallet address 9: 0xddbf9868d960fd2433ba762faf46024881cd9916

Eligible liquidations:

  1. 0x520d411c5fab9cdcca83cf51860985c4a230d96d63ab3148c37228efc3094b23
  2. 0x4b2163da6024f132ff7bbfc67c152f1b944037c8bb55f6bc023e1a159506305a
  3. 0x57810a052b84605c540f7b2154dd026ab62ee11f9c6bab8c9cc932317571dd0c
  4. 0x51d5f1de566792bf3f02671d68acd78e2c300ad177e26db47beab13f10eecc50
  5. 0x641f3d93d762b1eb26466baa95ab3d6fb7da3b6ceff645a6fe0765f21dac1c86

Total collateral seized: 225,295.85

Total debt repaid: 165,291.52

Total compensation amount: 60,004.33

Wallet address 10: 0xaFB53315e65dB1372658752134B04fE84dCb9D15

Eligible liquidations:

  1. 0xc565b24a1dc619464fb7bac9cc313fc65e83907ab7d23dfb72139c68607bc769
  2. 0xad94c4cf6d258fa1548402ce96fbe2c9db43e43b3bded9be156281644327c0cb
  3. 0x977938feef81acf066a7907654151cb56005f54f05373f86b3394df915e5dafc
  4. 0xe4a6d27f3d458488033f10fc2201c0e9cfa069c6c88e087d55782f249145d495

Total collateral seized: 79,881.69

Total debt repaid: 35,257.08

Total compensation amount: 44,624.61

Wallet address 11: 0xF82E0BA858CC47ABE3d3a2C7FB7a6Bf37b64Ca02

Eligible liquidations:

  1. 0xcca4f23d5e20200e6094aabcb8576f5639ccbc7c29bbdf757756fd8e4393b147
  2. 0xfcdc35845610c1e075beb001b15309aeda0149fd9856a5895b918acda84a0742
  3. 0xfac5436d69bce93af0a741b999e117b16b1694484128783264b2908b85ac0e93
  4. 0x9bd7fb1d69a5d6f339f2f50ed7091f06b301c9c6795442d393378db9495c4869

Total collateral seized: 51,842.77

Total debt repaid: 11,663.16

Total compensation amount: 40,179.61

Wallet address 12: 0xe4f683b80e8E141313dd5F2D0066F66e454A57BF

Eligible liquidations:

  1. 0x430324135ca862a35718e007015b2bca3d407b126df25df1b67d8c5241d9e6bc
  2. 0x54259d2aa2b53d2211a94a305112d21501cdb83ba6ebb078df9aad64b38f1045
  3. 0x430324135ca862a35718e007015b2bca3d407b126df25df1b67d8c5241d9e6bc
  4. 0xceee3086684f493ddd201c30621c38aab824a538b9eeb933abba13b46e104ba1
  5. 0x7443782c73eee8610e76c78cd4b4465e3daa8ce97b0fb47dece3f58cad81ec81
  6. 0xd2a1815acc730e6be53c04cd439c42ecd34db2c9c6357dd9e618a052e6db108f
  7. 0x106131872d6b8a179e249f576b7f2ba44c91e324b5e37c6e2158c4dceeb7a658
  8. 0x2d80a8baf120de2c9ccb24fdf886241972ccd17fd64c35f32aaf9dcbd5c35298
  9. 0x81e8433dc2f7f48131eb4249930a8c09db4e2cac9a0d6b465f0a3d722b8e8d31

Total collateral seized: 255,397.01

Total debt repaid: 228,332.51

Total compensation amount: 27,064.50

Wallet address 13: 0x4AeF52FF082FeFbE36cd2eD8F184601023095B3D

Eligible liquidations:

  1. 0xffa793113be0e91b26e8ae6b08b10f33325937c69bad463d270fa457ade42c22
  2. 0xe59dab7da10610074d6957ed7f7366eeb2db1237dad7b0f7c1089e14e34a8853
  3. 0xe01ca3ae52247d7688637da9655c648ba88f4e23017737b4900a108827a0a5c9

Total collateral seized: 227,495.65

Total debt repaid: 203,400.04

Total compensation amount: 24,095.61

Wallet address 14: 0xCd9CC264A2AA847f1CD354Ceaf631aB952cAc669

Eligible liquidations:

  1. 0x342e84eedf9f266e4f3d9c7985cd4403fa862718c1c691a893fffd902daa4e7c
  2. 0x0a971e5a531e6431ea5b7d5340c4188da1620fd1d6a9f998dd3da4dc77c81687
  3. 0x14afeb152b35ffa68effee24607770d2590bf36cffbba24ea7a7132d6ffd01b7

Total collateral seized: 50,256.51

Total debt repaid: 33,519.49

Total compensation amount: 16,737.02

Wallet address 15: 0xd550F635b26aaEa77387cf5f5479a913AA079006

Eligible liquidations:

  1. 0xf2e75e60822af8768d769d4b8165fcde5adc779a7f2354ef10192ba69a09cd7e

Total collateral seized: 14,319.34

Total debt repaid: 3,206.23

Total compensation amount: 11,113.11

Wallet address 16: 0xbEaF3936b36bb2692065372816da3C58a693F9C2

Eligible liquidations:

  1. 0x7dadb2bbe73019dce940634c8b915f5cc077126ed4a96fda03cde6a12fb1307b
  2. 0xcc7d74377c50be430defcc8d90a239710b98c91a4edee82a28618174ea7d1ea0

Total collateral seized: 3,859.54

Total debt repaid: 3,517.49

Total compensation amount: 342.05

Total wallets to be compensated in VIP 1: 16

Total amount to be paid out via risk fund in VIP 1: 1,945,814.07 USDT

Edit: 1 user to be moved to second VIP for compensation instead. The final compensation amount for VIP 1 has been adjusted to reflect this change. The compensation parameters and individual compensation amounts remain completely unchanged.

11 Likes
2

I think this is the right direction. Implementing it will build more trust for users, allowing whales to continue using the protocol. More liquidity will be provided, the protocol will collect higher fees, and it’ll quickly replenish the portion of the fund used to compensate for this issue. Everyone wins. Thanks to the team once again—it’s truly amazing.

3 Likes
3

I’ve read though everyone comment from previous community proposal and in telegrams chat

And I’ve come to check all these liquidations happened during that night, for some user that truly witnessing nightmares

There is transactions that lost close to 80% of total supposed liquidations. That’s why I perfectly understand people asking another fairer proposals

And this one, I believe should be the fairest to anyone impacted by wbeth incident

Having million being slash by half that wasn’t suppose to happens truly isn’t something normal.

That’s why I highly support this proposal

Big thumb up to the team for dealing this incident. Might have save a lots of life.

Money can be earn back but not loyal users.

Fund risk is here to save Venus users, and this incident showcase how this allocations from income is important, and we definitely need to develop even higher and robust risk fund for any futur incident ( wish won’t happen ) but at the same time, keep our security on top level while keeping our true value as safeguard to Venus Users.

100% approving

3 Likes
4

I support this proposal. We have witnessed nightmare-like abnormal liquidations. This compensation plan can help restore user confidence. In the long run, the compensation amount will be recouped from the growth of our user base. If user trust is lost, Venus will not be able to sustain its position in the lending market

2 Likes
5

this seems the fairest way moving forward, I agree with this proposal, thank you team for your effort.

2 Likes
6

hopefully this proposal can align with everyone’s expectations :pray: always users first.

2 Likes
7

I highly support this proposal.

What happened that night was truly unfortunate. The depegging of wbeth price was unprecedented, causing many users with safe health factors to be liquidated unfairly due to an Oracle Problem that was out of their hands.

2 Likes
8

I fully endorse this proposal. Thank you to the team for your unremitting efforts over the past ten-odd days, as you have consistently kept the “customer-first” principle at the forefront throughout the process. This compensation plan will undoubtedly enable those of us affected by this liquidation to further strengthen our trust in Venus.

3 Likes
9

非常棒的团队和非常棒的处理方案，来自华语区的用户发自内心真诚感谢你们！

3 Likes
10

The compensation amount is correct and acceptable to me.

Thank you to the Venus Labs and Chaos Labs teams for the transparent process and support. The compensation amount is correct and acceptable to me. With the way this incident has been handled, I believe Venus will continue to grow and become even stronger.

1 Like
11

Really appreciate the team for coming up with this plan! Glad to see Venus handling the wBETH issue responsibly. Full support from me

1 Like
12

I completely agree with this proposal. I believe it’s fair to everyone who was affected by the WBETH depeg. I’m very glad that the Venus Labs team has handled this issue responsibly and, most importantly, maintained an open dialogue with the affected users. I’m a firm believer that the community is what strengthens a protocol, and the Venus Protocol community truly embodies that. You have my full support to vote in favor of this proposal.

1 Like
13

I agree and believe the compensation amount is fair and adequate.

My wallet address isn’t listed in the 1st batch, and I had contacted support via Twitter DM on Oct 13.

Will the list be updated, or is it already final?

1 Like
14

As one of the affected users, I’m glad to see that the community and the team have heard our voices. I support this proposal — it represents the right approach to ensure users’ long-term confidence in the protocol. Due to market fluctuations, I still have some remaining losses, but those are related to market factors and not the protocol itself, so I fully acknowledge and support this revised proposal. I also want to thank the Venus team and everyone who worked hard to move things in the right direction. Thank you!

1 Like
15

Hi gigabyte, the remaining addresses will be listed in the second VIP that is targeted to be published by next Wednesday. Thank you for your continued support!

1 Like
16

Totally agree with the new compensation solution. This reflects Venus’s real thinking from the user’s perspective, and also proves that Venus is a team that dares to take responsibility.

1 Like
17

I’d like to ask everyone who’s considering voting against the compensation proposal to take a moment to think again.

None of us wanted this incident to happen — but the fact remains that many users suffered real losses through no fault of their own.

Venus is building an ambitious future around LSTs and yield-bearing assets, yet this event involved one of the most reputable LSTs — wBETH. If users who trusted Venus and the BNB ecosystem end up taking all the losses, it will be extremely hard for new LST-related products to regain trust or attract adoption.

Supporting this proposal isn’t just about helping a few affected users — it’s about protecting the long-term credibility of the protocol and the community.

For the future of Venus and for the integrity of our ecosystem, let’s stand together and do what’s fair.

1 Like
18

This proposal is great! This is the best news for users who have suffered from WBETH de-peg losses.

1 Like