Wave 2 of Compensation to Users Affected by WBETH Depeg

Venus Governance Venus - Governance Proposals
1

The VIP for the first wave of compensation to users affected by the WBETH depeg has been passed and executed as of 27 October 2025. Next, we will publish the second VIP for the remaining users involved in the depeg.

Following this VIP, no more requests for compensation will be considered.

The framework for compensation remain exactly the same as in the first VIP as follows:

  • Users will be compensated the difference between the total value of collateral seized and the total value of debt repaid.
  • The price of the depeg will follow Chaos Labs’ analysis of the depeg: 10-Oct-2025, 21:43-23:30 UTC time. You may refer to their post on the community forum for more information. Only liquidations that occurred within this timeframe will be considered for compensation.
  • For calculations, we are aligning with Binance’s pegged price for their compensations: 11-Oct-2025, 00:00 UTC. This is to be fair to all users, who have varying situations. Since liquidators can select which collateral to seize from users who have funds in the core pool, several users did not have WBETH liquidated, but lost other collateral assets instead. As such, standardised pricing is implemented to be fair to users of all situations.
  • Compensations will be paid out to users’ wallets directly in USDT.
  • The second VIP to compensate the second batch of affected users is targeted to be published on 28-Oct-2025. Below are details of each wallet and its associated liquidations.
  • The estimated total remaining in the risk fund if the second VIP also gets passed is $20.4m.

For details on the first wave of users compensated, please refer to the previous community post.

If the second VIP also passes, the total compensation paid out to users will total 4,712,597.80 USDT, inclusive of the sum paid out in the first VIP of 1,945,814.07 USDT. There is a difference of 3,712.85 USDT from the estimated total on the previous community post as one previously unidentified user has come forward since then.

VIP 1 Compensation Details

Note: all monetary amounts are stated in USD

Wallet address 1: 0x563617b87d8bb3f2f14bb5a581f2e19f80b52008

Eligible liquidations:

  1. 0x3cf35892bd2212d4d1a8f1881a87a0a7b0f99399be7bcd4676b50b6892f4690f
  2. 0xf8ec0f5c75e94706927c4a886fcaa93b0a9137c80711bcfb3f4de099a4f3194b
  3. 0x65620ea7383fe4a8c7726a2b7375380dda29e9482ac803ffc813b862aca1ced3
  4. 0x44787b8f9b1898e9314288a8d6822326ac0ed390403f1bf7d6953bb27cd4392c
  5. 0x5b1e71b7d4e107995559ceddb9854403585af6b11f58d0f9d1021853bb4aac9f
  6. 0x0bcf9e86c8a8a94023c46d18d50bd776e859162dbe40bcd11910e071b7ed9462
  7. 0x486fd895dba6c76662d58bd5b703b9415c131e15c2291ce52c76bf119e14514d
  8. 0x0b626c8997bc4e4a349341aff53b81eef0bcb9f5c167a536ed5025b7fba5d3f2
  9. 0x9693c5919fa728cdd7d191c86dc05f144d4915207f1ee573b85e431dd87b59bf
  10. 0x36202855250b377790cd56736f2ff1319da5ce233562b5e61237932970867732
  11. 0xe638af5bcb7e397d9ddced9b03d247c9d878d46495de90ba241aa9cf242ce734
  12. 0x87f901ddda28cd631f0eb9798fc26cbd6306ed62ecbf70fd126a0eaf651f0924
  13. 0x57f7e73fa7b7824f660ae00fc2e7ae530de1f2e234fdf36673d3e9937ab6f42e
  14. 0x4c3f474e886485c3d6fca5526a4003e4406d72b7ed80ef337fbc7daac1a15043
  15. 0x1a35f091cb02a70f4c969e0085be10e6f63bb0b0c66cab70a0c1e53d87099b74
  16. 0x337a1bdf7ecaed24bf105dba5e89f46c538825ef1d7afe73a79081555af15143
  17. 0xdeaa5b31f6722d619716c9b85a2f9cb1bc40aa13596b4ac695db30563fb7bb61
  18. 0x6f1dbbc1b55fab30394ea40b488dced063f87832b8dca17a780ae610562b5243
  19. 0x33bb2109349b6ceb86ec71c3be144a65f8bd2941f61751e65aa423c03d981fba
  20. 0xead3d2990914db58e9124dcf9c737adae7145c844326ae08aeb1728aec982306
  21. 0x8b466392e9b3d6047cebfa8bbf888d7a08ea30a728fbd2ac4fc4028b8519ff71
  22. 0x6dc7659a1194ddd6126bbb3295c854efcd7355227418466ffbfa763b5b0124de
  23. 0xf78af6d76b025ffc52d54a894994ee5782e77c3daebfd1d2002b136c28c71603
  24. 0x1125700c404b9c186ba1bbdc48150bc311432b57bab696c009f1d39b32cbf009
  25. 0xbd3cac4b0d57fb41179c234d016263deaa604f8530d0806ee929cefe855ea4ce
  26. 0xecce93c32cc7ab6161a5250bd8d13683e783550216ebf070c97c5fa1376ebda6
  27. 0xb2e2a576617fc47759cbda36e425dc8d47a4fa2a440e7e37b523dfeb45e0bb49
  28. 0x94116225719028bbe132d8c655ef6f1ffe90ccd74c8ea2a67a99c0cfff1f26a8
  29. 0x9eb03c91e8e809322a51e82ceeefcf71b95c69589ca7a8392fb1a8cedb4b40ad
  30. 0x4ea318787ff64951f69e218b8011d8e7e4df2c32f5f2d2e37e33ff5e24faa153
  31. 0xb2fd1cbc1ac962591641cb199a0eed6066e8ba27e3d5766982a67c0a6091032e
  32. 0x392986c482a2618168bb93b70838680eede74fe410b5bdaeb131d9951cf1d601
  33. 0xb99cc9d79c4bbba038675fe9f96df01b83e5c2276eb3cf973e8088bc3039de7b
  34. 0x0a1eeca5c29cbde16a25280ff1b8da0e76fb16f2c758f15fd74bf5f3031bb7c9

Total collateral seized: 19,881,756.69

Total debt repaid: 17,859,668.16

Total compensation amount: 2,022,088.53

Wallet address 2: 0x8952DfB4944C0291C744c889d563C60c8BfbE1Be

Eligible liquidations:

  1. 0x5436c738a4079ff9f1a33bdcfa9196e9bcbe464289782cb63dd1fb4568759f6c
  2. 0x6c4745488dff1ed30abf9afc97c2c0e7e06f283c98c3b2f538c231db7aebfb2c
  3. 0xa81b431a43d5105d40fa4313d290261567b051f76ab6320514482fa8dfcebdf3
  4. 0x3bf9b745937f4e77d61531b0762b4cc29eafad8f70e23d2d809d7fa24b388fd2
  5. 0x7ce7926d91b6ca5599f3286d15b64aed74cab6d765c70061ea1018d920d40dd4
  6. 0xcb92ce719a96ef441fe833ee931cc7b27ab222277bd4764f77864856f3103a7d
  7. 0x79b9899b9249420571120e552c86b60f9ee1031e17cbfac22467097ae3fb7b57
  8. 0xe1b12c57857f02c90b6be61d92989654dbdfb85964e06671126caf1350635248
  9. 0xb26e7572d598a156eb70fabe9a32de266c604e1ccadf14e79c253819e66e12cd
  10. 0xc240cd0d387437a627e08730c782d40cd1ae590d2e7f57e72ebb2487b77c724e
  11. 0x662541cb28ec6a13148aaed66342a96ee8d5c99e090d48d79815e6fb5a92aeed
  12. 0xa127eb4ca9ac38b6b05f2743d32f1e74a836fd960fa15bc0c56b9d9f66caeb6c
  13. 0xef3cf01577f9bb9ad4e9d16eb1b652efc0c25fcc72a05bc958b5daa796b9764c
  14. 0xa4504742e33c48bbfdcfae01fb315f6c5bebc72772a907db13301fe3824ca1b0
  15. 0xed0216273650373e1e314fd38cb908caea38e032d7736097733be48c000382a3
  16. 0x43058c041e7feded68fb39db91b3c0e1530b74312ef56331ded69796236c5d84
  17. 0x125d8c5dc20c1626f08b5bf229e6aeb7ab7986710132cfded2baa1c5ad76db79
  18. 0x2b03ed2b9ce5676197297851bc5fc844c62baa7c8ca96ea54f103ef96e20e9e3
  19. 0x30374747fc5fd0e3d8806a50e47d345f59a51546e2060fea940af8ff0415f94e
  20. 0xba3f0a073be36ae31c550f15a4302665fa7b6d2a53334fc657788b85ba9b66f5
  21. 0x13ae08091a7451811a1339fe85f2b45d7e1c4839e71b265ed20a470d9bf0da27
  22. 0x83e5ffa481b8d2a9ccfb41822d9baf4454020528fcdccb915a83fa98b1a94308
  23. 0x4931482a9617d4320c84a3b1845f99a0a05cfff86f2889ae70072c61c8f637aa
  24. 0x4c0740f447814eef75ccac0813b76a5a8ea44349fa6d931d4ab19542bd24f924
  25. 0xfa132ae842c9e329e7e645adca77bbb81f7e04defc853b057e52b4902ad64d1c
  26. 0xe3ff7ae356114792cbd9167b2c16d014b4fdb44968d07b6ff081eecaf5595fae
  27. 0xb5f379f275db679a3008b2d73c1f7449548ad9f97a369b1660ed86b1745d55bb
  28. 0xfdaacc833cb763653ed845546683b2d28f9dfe3d5000ebd68c0a611c5cb15e9c
  29. 0x74e9655fe3d7dfee3cdf622e2f9348d3cc832fd2f706b165d9a337178bf707ed
  30. 0x9349b7ace58947274ad30786772a6d8ae59645ffbe2ffccc75cb81d6ca8a8a0c
  31. 0x857024f74709d66ebe1ca98a5c6474b35ad6aaa21288b6cf3bc07f373e9869f7
  32. 0x0c24d20fcb60a00e6a478b7caf7d69dd1a7c265c311be60b2c886c71a427bb6d
  33. 0x7ebeb7f8b7c8a05a5bf9f9aa6d4c6a3456d79141ee5b635f97b9dc3cf7cfa435
  34. 0xc0af5844d3a756b37e65ef5a942b2569d7af4c20dc23a6623803773cb0d3c573
  35. 0xd27c1f6161bd5a4e9e1d858962edc7858613c3e21a2b1a4adeec0347228a07a9
  36. 0xe44cfc2b58781cd059f06c3e60807506cb5cea180b1136cc42f0b51f9ac5ffc1
  37. 0x4fc720f018485753d546aba9d61aed0898f2592f65de18521d7601b6ee433054
  38. 0x7a56f6283c3bb547e8918443f13fa28c21706e00503efcf47c624542080f1506
  39. 0x767b2053a60b9093c7efcdcc1fe20f9cdb82d6b569f341ce52013d15c1fb2fcb
  40. 0x801423a99c8d01d4a70d69acbb214f6700ebbcf56a29b69d02f52fe68325fffa
  41. 0x565c7fee1f4eeddbed02d19351340a5052a7a3ae0149637f578a16151c8018ec
  42. 0xcd36e42030477b2a79668bea1635594f6f36dda77b00827fc79416e370917a5c
  43. 0xcc6cbc4284bbbc2dc12e96ed857d8d1d7fcae0cdcc0ed17a78811bf105a89994
  44. 0x1a609cf257f17ddf7f710ab84929af933f28677505925e5620cfb5dff82d68e3
  45. 0x77fa0735a1f89d0ee20b5d15c22c6c27f2fc4f1083e352d2267286999be39b8f
  46. 0xc94f48c3564f5b8e9117260f35486e3826892d54ffb9c41a323b998767e45711
  47. 0x695fc982a2266d7e5c25afd5b9c0f729e3932ee6de28eee446da8939e158a32a
  48. 0x40300b8f0d411cde74cf496b73c407301df1b0156f08f6d95676d6d097f80b34
  49. 0x456718826b43d226516c333a83d46a8618028de1298ab33f02e3b2990079283b
  50. 0xd7f42f0de10ae52ae9aa3c5dcdedad6639826c26aa2b0fe163e1c3be060e2660
  51. 0xc3e113e111da0820ad536454cc165ace1ecc4b7dfc62db51026089b4baa00025
  52. 0x92c2fc4f0f060bf68829d8187fffd6e189b585aeb8a45133e934d66fe1adba62
  53. 0xd7c8f32e6c85c15e5576435246f7fe5f9f22aae58de41d0bec9bdb96046b85a8
  54. 0xa2b81ed5802b0e0d0bddc7c8b6d9ea816455e59b06ed411335ed1bc8ae6e21e9
  55. 0x6515d7fa2e7369cef6fe7326e0012149bed56c144b68e10e7ebcc01531d183ff
  56. 0xac4862eec5a231810bbfe75c75c3af7f8e1b8f06b822756aba933c2c1b63a081
  57. 0x049074ef07ad3ac8ff34a3ba306d13747daf665af006b55d1bdf961104f50812
  58. 0x1dabfbd177a6dee9ad8d468fdac3d60489baf44f6b5c94ac84847bb8e715a2eb
  59. 0x60d38d55e42495974797a6437add254268e98ec36532203458a4e66e4b82e2ae
  60. 0xdb9924174a45920fa3a50744091dc1c0b1722c86fecaff7d8b548dd2e7cc8caa
  61. 0x8766a4cf7d6cc83b7c3e4deec87c310b90267cc20b289859c3830b42d5b565d7
  62. 0x77493d70b6a4cdbae90ec380647a005bee27ad5f735dbf54a7118caf774e8aca
  63. 0x8655a1e0087f4811c13076d8b5a56cbf10e94f54dac9bd8c8cd16653d3aa32ea
  64. 0xce812b14ab91b5848a48187c849d18e53a410a4c5e028d766e7441548a395e05
  65. 0x984e196087b7085e6f59b22c5e22d167ec9b77279a71ac539196e0975fe5bc91
  66. 0x2f957412e27991f75571bdfab2f4f11cccb7f411455ce761eb2d90ef740e8cf8

Total collateral seized: 861,677.96

Total debt repaid: 651,834.28

Total compensation amount: 209,843.68

Wallet address 3: 0x5fdbeCEac47313E34ccaCd7e106f47a44f5ddF4D

All eligible liquidations:

  1. 0x5bee55502cc35ee5d305722bd1fdb8d2b750b5f7048a02713092999836fc0363
  2. 0x9f1c3c2c27c194257f42d563f0a88cb44098c49acbe54cd394bd2220ac4dceee
  3. 0xb568bf8d34871a4b13f1ea400a01dfb0da9beed2337965ddb9f2766d189b0d0f`
  4. 0x3e0c289c1b762a9f4446da91a8160e6b336ddd73c73703648fc8c583fd874cc9
  5. 0x3f761ab32210a2b5a33bbc1d99cc0693d14b0db656f97f6fde4dc6e2c6985257
  6. 0x0b76a9445579aaae03e322587c1f07a2b096d51b7ec97fac470a76b4257720ba

Total collateral seized: 1,403,118.71

Total debt repaid: 1,227,922.16

Total compensation amount: 175,196.55

Wallet address 4: 0x57e47016497576383fc6e3d6f4deb4db9f98a6f9

All eligible liquidations:

  1. 0x016bf0fa10b75a957946afbdace122d37691072e9a9d20fc6c5b2a912c89a333
    1. 0xe6ea702f8d022dd7d90dce0943105e555db25a2b4e9e741fd801f0cb90b11c10
    1. 0x1483f6f45107e6308c6d3b611a9924d64865689acd916c2c84948ac328cc1a69
    1. 0x9890b0c85dff6619dbbd23fd58ebc21dae4c7b56700f36252bcc6c7092fc6a78
    1. 0xec612d50d5fb1a1dc9c04d0f5a3efeaef15eab7b26407b421ab58addad0566eb
    1. 0x79f653da5389eb1f019215fda1c724bdd1ef3b3b4a84a35b1173efed8e5121d7
    1. 0xf02d5dabe18a755bc6b67bffc64082d5134a70a6abc6a3261dc3a8f3213b88e2
    1. 0xe9670cbe5774fe4d8d53f893f4e57c649c58ea889460610cadc2bf0e2c364e65
    1. 0x8c4525e5be62596a7e8766190cf88962512e2c0f32f97fbcba4caef2e3b3e581

Total collateral seized: 675,205.62

Total debt repaid: 518,928.36

Total compensation amount: 156,277.26

Wallet address 5: 0x1ee62a12c5c16ba579783ba428c9170310847469

All eligible liquidations:

  1. 0x5a41901c9e2280d39e24d96b18b64a752a14885659f9481f84ada233b3d04ece
  2. 0xfd0f09fe369c9d7574a92273146665498ba13a1175e17d7587054a4cd72740c0
  3. 0x5a3d9217b68cc2f54de60d6e204a83177deb119654688ce021f14976118bddaa
  4. 0x2c86a37583e32bedad469c03eda3c8aa8a7ce73b91ec63d1bf15e070f1af6971
  5. 0x40ea2d0705f28ddf27005a3435e5593b352e9ea42c3492db13c37f768bcfc433
  6. 0x379addb6717c850e5d2adb2470f4a2279801f6c55e799197107b55ea2d8fee66
  7. 0x5d426d249bdafc13be15ba74643c15a9e6ac24e19c2298dfac9f588263c34074

Total collateral seized: 482,980.07

Total debt repaid: 371,273.54

Total compensation amount: 111,706.53

Wallet address 6: 0xC6396e4DD7642208f83b4bf955bBd2A602432c1d

All eligible liquidations:

  1. 0x28ad009e5cab09167baf9101953c9e8c2e04d977a94f5d1d157bbf27e4a88ce2

Total collateral seized: 986,910.30

Total debt repaid: 914,421.70

Total compensation amount: 72,488.60

Wallet address 7: 0x89093FCE26D6be5B4416c6db9B59f1e83AbAA3CC

All eligible liquidations:

  1. 0x22d65d253f53632f9884bd09b22718a4adc523ef796f93d250f2538a15b597de
  2. 0x10773e3e23ecd10cae27b0f66ad104eba0ceb086d7b937c435c2b042fe30ba18
  3. 0x6ed1b0a39dbf8a806e431da583923280fbd4d8ac4fa46457782f4923970749c0
  4. 0xd8f3bda23f43907838dcbc75ac8e8e4519057ba2eea333e1c3c601f204ca30f6
  5. 0x9856e8f4ff9234148e04721de4b7e2cf0aed5e443df9875711086fdc7b6918d3
  6. 0x114f775d173d7dca97bf34b2a674d29e05b519168310a3d8d7239c147db2506b

Total collateral seized: 25,405.38

Total debt repaid: 18,526.01

Total compensation amount: $6,879.37

Wallet address 8: 0xdaB8aFb7b7816a69bc77cFEa4C3777c18696cd4C

All eligible liquidations:

  1. 0x11b4cdda1a67a33a42cfa62a7be15efc8bedaaac6b39009e44364929c94cc178
  2. 0x8c7fde6a49f2bd8e4108a1e853f1946c2afa3e4e12474c81ddaa7791b3d03192

Total collateral seized: 51,845.31

Total debt repaid: 47,172.43

Total compensation amount: 4,681.88

Wallet address 9: 0x5200de8EF3227b5dd2C1E92C7a95ee9c2a12d7f7

All eligible liquidations:

  1. 0x87d73e1a64da9973d53eed319e51577ffb7f8a413d1906c355f7d05ce8c592eb

Total collateral seized: 23,167.85

Total debt repaid: 19,259.37

Total compensation amount: 3,908.48

Wallet address 10: 0xc7a7b105cfba2e74d5d836690350acd199051724

All eligible liquidations:

  1. 0x3bc9f1ab4fcdc9fa048e4f4e2d53e901b7e937cf4a1d1a9db30e527a23420b6f

Total collateral seized: 5,285.97

Total debt repaid: 1,573.12

Total compensation amount: 3,712.85

Total wallets already compensated in VIP 1: 17

Total amount already paid out via risk fund in VIP 1: 1,945,814.07 USDT

Total wallets to be compensated in VIP 2: 10

Total amount to be paid out via risk fund in VIP 2: 2,766,783.73

Total amount to be compensated via risk fund for WBETH depeg incident: 4,712,597.80

Edits: clarity

4 Likes
2

My support !

Let’s keep going !

3

Thanks for the update! Appreciate how well you’ve managed this process.