Dear Venus Community,
This week, we continued to focus on critical tasks, but at the same time, we also began to think about some new issues.
Details are as follow：
Challenge
The new Vault, which is the core function of Venus, is under development and is expected to be released in September. This is the core task we are currently focusing on the most. At the same time, we are still continuing to adjust the risk factors of various assets of Venus. In addition, we have also paid attention to the problems of Venus’ stable coin system.
Progress
Venus Vault
The development of the Vault is ongoing. Considering that tests and audits are required after the development is completed, it is expected that it will be officially launched in September. Other Vault-related functions, such as the exchange function of VRT and XVS, will also be enabled after the Vault goes online. As the development work progresses, we will predict a more accurate launch time in the next follow-up.
Risk parameters
At present, we are gradually adjusting the risk parameters of XVS. The goal of the first stage is to reduce the borrowing rate of XVS to a negative value. However, the final solution to XVS needs to wait for the Vault to go online, and the XVS borrowing reward will be totally canceled.
Transaction History on UI
Venus UI will show the past transaction history for the connected wallet, which provides a more convenient way to check the record. The UI work for this feature has been completed.
VAI
We have noticed Vai`s unpeg problem and are currently discussing solutions.
Marketing
We are preparing more AMA’s.
BD
We have made some progress in cooperation with Krystal App, SecondLive and BinaryX. Cooperation negotiations with more partners are in progress, and the specific details will be disclosed after confirmation.
Venus key data this week（Week32）
| Venus Metrics | Data | WoW |
|---|---|---|
| Average Total Liquidity | 3.9B$ | 11.4% |
| Average Total Borrows | 1.31B$ | 7.4% |
| Average Available Liquidity | 2.6B$ | 23.8% |
| Average Utilisation | 34.1% | -8.1% |