Dear Venus Community,
The price of VAI has returned to around $1 and other developments, including XVS Vault, VAI Stability fee, and the conversion tool of VRT to XVS, are doing well.
The development of the new XVS Vault is still in progress. We do not have a firm release date yet but we expect it will be ready and released within 2 weeks. For more information, you can follow our Github.
After we stopped VAI`s minting, the price of VAI gradually returned. Recently, some BSC projects such as Dinosaurs eggs (dsgmetaverse.com) have begun to introduce VAI and provide usage scenarios for it. This makes VAI return to 1$ for the first time after a few months of being off-peg. We look forward to more BSC projects to support VAI in the future, and we are also communicating with some organizations and projects about it. The Stability fee function of VAI is still under development.
The frontend code of VRT to XVS conversion function has been submitted for review, and the smart contract creation is in progress.
Our operations team is constantly improving Venus infrastructure to make it more secure, scalable, and resilient.
DefireX stuck funds recovery
The proposal has been initiated in VIP44.
We are finalizing additional use cases for VAI. More details will be shared soon. The XVS Vault launch marketing campaign is ongoing and preparations with MarketAcross are underway for the future marketing of Venus Protocol in general.
Venus key data this week. （Week39）
|Average Total Liquidity||3.8B$||15.8%|
|Average Total Borrows||1.3B$||-38.6%|
|Average Available Liquidity||2.5B$||115%|