Venus Protocol Weekly Update W41/2021

Dear Venus Community,

There aren’t much news this week. All work on Venus Protocol is ongoing normally.

Progress

Vault

Vault-based governance upgrade scenarios are in progress, the vault code is queued and waiting for the audit company.

VAI

The work on VAI stability fee is on-going and progressing.

Venus NFTs

In addition to Arker, more partners have begun to prepare use cases for Venus NFT’s. Dinosaur Eggs is one of them (DSGmetaverse.com) The specifics and details will be disclosed as soon as they’ve completed designing their plans/economics for Venus NFTs.

Risk parameter

The specific adjustment plan is being tested internally.

Business Development & Marketing

The many collaborations we mentioned last week are a work in progress, and we look forward to revealing more details with the community soon.

Venus key data this week. (Week41)

Venus Metrics Data WoW
Average Total Liquidity 4.3B$ 12.9%
Average Total Borrows 1.1B$ 30%
Average Available Liquidity 2.7B$ 5.9%
Average Utilisation 34.2% -2.6%
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