“The #Venus#BSC Validator program will enable ~45%+ #BNB single asset Vaults on @VenusProtocol. $vBNB holders will receive their proportional amount of transaction fees earned for blocks validated on #BinanceSmartChain & what they earn for supplying #BNB”
Requested/Proposed Changes
==> The airdrop encourages a short term holding of XVS, but what we need is middle/long term incentive to hold XVS.
Rewards should be split 50/50 between XVS suppliers and BNB suppliers and a minimum amount of 50 XVS Tokens should be supplied to the protocol in order to be eligible to receive the Venus BSC Validator rewards.
This will encourage more XVS holdings and better rewards while also being accessible to the vast majority of XVS Holders and Suppliers.
Agree mate. It’s so strange why only shared to BNB suppliers. Hey i put both BNB and XVS as supply collateral, so it’s clear that i am not against the original proposal here. But this XVS is the governance token of Venus, so it’s a big question mark why the reward is not being given to XVS suppliers. Plus this will increase the value and function of holding XVS token in Venus.
I agree with above comments, the bsc validator program should benefit both xvs and bnb hodlers! 50% reward to xvs and 50% to bnb hodlers would be great!
IMHO, as a BNB and XVS holder, I don’t see why XVS holders should get 50% of BNB BSC Validator staking rewards? What would be the incentive to stake my BNB on Venus when I can stake directly at the other BSC validators and not give up 50%?
It would be more realistic for XVS stakers to receive the validator fees charged for the BSC validator. Something in the 3-8% range fee is competitive, and that can go back to XVS/Venus stakers and the remainder should be given to the BNB stakers.
The cost of 1 BNB is significantly more expensive than 1 XVS, and BNB has much more strength and stability than XVS. I like and own both tokens, but splitting 50% of my BNB staking when paying significantly more for BNB, doesn’t make sense.
we should pick this up, I have moved my BNB to CREAM finance which is doing validator job and thus provide a higher return on BNB supply. Venus is at a better position to do this as it has more BNB reserve.
Yeah that would be nice but I think the team here has a lot on its plate already. I had moved all of my BNB over to Venus when I read the tweet initially but its all off now
On lending platform, you get both staking rewards and lending yield, which can be higher than delegating. Also you are not locked for 7 days without rewards when you withdraw. In additional, you can borrow asset at the same time with you BNB staked in lending platform. So lending platform doing staking is the best place for BNB holders.
I like to diversify, Im getting around 20% on my BNB on Trust Wallet and its safe there. On Venus, im not so sure. They need to get their shit figured out asap!