Wk20 VIP 2026 — Asset Off-boarding, EBrake Executor & Marketing Funding

Venus Governance Venus - Governance Proposals
1

Summary

This Weekly contains 3 independent VIPs, proposed and voted on separately:

  1. [Multi-chain] May 2026 Asset Off-boarding & Cap Adjustments — Coordinated asset off-boarding and right-sizing of supply / borrow caps across BNB Chain, Ethereum, Arbitrum, Base, and zkSync Era, dispatched via the OmnichainProposalSender. Full scope is documented by Allez Labs in the May 2026 Risk Parameter Update community post.
  2. [BNB Chain] EBrake Executor Contract — Phase -1 Activation — Bring the new tighten-only Executor contract into governance control, enabling off-chain signal monitors to route emergency tightening actions through pre-validated on-chain bounds. The Executor cannot loosen parameters; all recovery still requires a governance VIP.
  3. [BNB Chain] Binance Wallet × Flux Campaign Funding — Transfer of 25,000 USDT from the Venus Treasury to the joint Binance Wallet × Flux campaign address. Fluid Protocol contributes the matching amount to the same address as partner funding.

Description

VIP 1: [Multi-chain] May 2026 Asset Off-boarding & Cap Adjustments

This VIP implements the May 2026 risk parameter update originally proposed by Allez Labs in the community post below. Based on the SC Parameter Verification performed against current on-chain state, the action set also incorporates several on-chain alignment items that were not covered in Allez Labs’ post — namely isolation-pool CF adjustments, FE / SC alignment fixes on borrow flags, and explicit supply pauses on markets being full-delisted.

Scope by chain (per SC verification):

  • BNB Chain — off-board DAI as collateral ; formalize wind-down of THE / TUSD / FIL; right-size supply / borrow caps across retained Core markets (FDUSD, USD1, lisUSD, XRP, ETH, wBETH, solvBTC, xSolvBTC); CF adjustments — Core (lisUSD, CAKE, XVS) and 10 isolated-pool assets (BCH, TRX, ADA, LTC, LINK, TWT, AAVE, DOGE, UNI, DOT); FE-side display fixes on isolation-pool borrow visibility.
  • Ethereum — full delist TUSD / EIGEN / BAL / four yvVault markets / sFRAX (incl. supply pauses where supply is currently unpaused); off-board DAI / crvUSD / USDe as collateral ; re-enable borrows on retained markets under tighter caps (USDT / USDC / WETH / WBTC / tBTC / USDS).
  • Arbitrum — reduce ARB CF 55% → 25% (borrows remain disabled, borrow cap → 0); re-enable borrows on USD₮0 / USDC / WETH / WBTC under tighter caps.
  • Base — full delist wsuperOETHb (CF 73% → 0%, supply pause); keep wstETH borrows disabled (borrow cap → 0); re-enable borrows on cbBTC / USDC / WETH under tighter caps.
  • zkSync Era — full delist ZK / wUSDM / zkETH / wstETH (incl. supply pauses where supply is currently unpaused); keep WBTC borrows disabled; re-enable borrows on WETH / USDT / USDC.e / USDC under sharply tightened caps.

VIP 2: [BNB Chain] EBrake Executor Contract — Phase -1 Activation

Context

The Executor is the validation layer between off-chain signal monitors and the EBrake contract. It validates parameter bounds on-chain and routes tightening actions to EBrake. The contract is tighten-only: it cannot raise LTV, raise caps, or unpause. All recovery actions go through a governance VIP.

Once activated, a signal that detects a breach (e.g. supply cap exceeded via oracle drift) invokes the Executor, which validates the current on-chain state and forwards the tightening call to EBrake within a single transaction — without VIP latency.

VIP 3: [BNB Chain] Binance Wallet × Flux Campaign Funding

Context

Venus is co-funding a joint campaign with Binance Wallet and Fluid Protocol (Flux) on BNB Chain. Funding flows to a shared multisign address; Fluid contributes the matching amount via their own treasury action, outside this VIP.

Field Value
From Venus Treasury
To 0xBE0EdB1F457334B8d2DfEb3627567137E745A00B
Token USDT
Amount 25,000 USDT
Partner contribution Fluid Protocol — 25,000 USDT to the same address (separate action)