Operation
_setVenusSpeed(address,uint256)
_setVenusSpeed(address,uint256)
_setVenusSpeed(address,uint256)
_setVenusSpeed(address,uint256)
_setVenusSpeed(address,uint256)
_setVenusSpeed(address,uint256)
_setVenusVAIVaultRate(uint256)
Description
VIP-6 Venus Speed Recalibration 2
Contract Details
vBCH setVenusSpeed Unitroller 11 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0x5F0388EBc2B94FA8E123F404b79cCF5f40b29176 318090277777778
vDOT setVenusSpeed Unitroller 12 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0x1610bc33319e9398de5f57B33a5b184c806aD217 2544722222222220
vLINK setVenusSpeed Unitroller 13 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0x650b940a1033B8A1b1873f78730FcFC73ec11f1f 1590451388888890
vDAI setVenusSpeed Unitroller 14 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0x334b3eCB4DCa3593BCCC3c7EBD1A1C1d1780FBF1 2604166666666670
vFIL setVenusSpeed Unitroller 15 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0xf91d58b5aE142DAcC749f58A49FCBac340Cb0343 318090277777778
vBETH setVenusSpeed Unitroller 16 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusSpeed(address,uint256) 0x972207A639CC1B374B893cc33Fa251b55CEB7c07 4771354166666670
VAI Vault venus speed update Unitroller 17 0xfD36E2c2a6789Db23113685031d7F16329158384 _setVenusVAIVaultRate(uint256) 79861111111111100
Summary
As Venus Governance, the community now has the power to control XVS distribution across markets after recent proposal (#4). This will allow the protocol to better and more efficiently manage how XVS is used to improve and further the protocol’s interests. Given that the initial XVS distribution numbers were set somewhat arbitrarily, it has become clear that it is worth resetting the parameters based on usage over the last three months. The refreshed numbers proposed will be used for A/B testing optimal XVS emission quantities in future proposals. In a forum, community has put forth reasonable suggestions that we believe would improve upon the existing values. Both of their values for XVS distribution were quite similar and we chose community numbers for three reasons:
- XVS market will be high APY in supply and borrow
- High liquidity markets and stable markets will be set as high XVS rewards community suggested
- Splitting each market’s XVS rewards into a fixed quantity (common to all markets) and a variable quantity makes it easy to analyze improvements in future A/B tests for incentives
| Market | Current Daily XVS | Update Daily XVS |
|---|---|---|
| VAI | 5529.6 | 2300 |
| BCH | 7.97 | 18.32 |
| DOT | 60.59 | 146.58 |
| LINK | 88.54 | 91.61 |
| DAI | 149.54 | 150.00 |
| FIL | 9.67 | 18.32 |
| BETH | 283.45 | 274.83 |
All markets XVS distribution will be configured with VIP-6 Please read the forum post for more details