XVS Emissions Funding Proposal

Proposals
1

Summary

Building on the approved Emissions Adjustments Across All Chains, this proposal seeks to fund the reward distributors for an additional three months to maintain XVS emissions and continue monitoring market performance. The required amounts for each chain and location are as follows:

  • Ethereum Mainnet: 40,785 XVS
    • XVS Store: 15,120 XVS
    • RewardsDistributor_Core_2: 14,526 XVS
    • RewardsDistributor_Liquid Staked ETH_3: 11,139 XVS
  • Arbitrum: 11,475 XVS
    • XVS Store: 3,150 XVS
    • RewardsDistributor_Core_0: 5,265 XVS
    • RewardsDistributor_Liquid Staked ETH_0: 3,060 XVS
  • ZKSync: 12,690 XVS
    • XVS Store: 3,150 XVS
    • RewardsDistributor_Core_0: 9,540 XVS
  • BNB Chain: 39,690 XVS
    • XVS Store: 39,690 XVS

Source of funds: Comptroller contract on BNB Chain

Details

The XVS will be distributed based on the following tables:

ZKSync

Pool Market Monthly Allocation (XVS) 3 Month Allocation (XVS)
Core ZKSync 630 1890
Core ETH 600 1800
Core BTC 600 1800
Core USDT 450 1350
Core USDC.e 900 2700
Vault XVS 1,050 3,150
Total 4,230 12,690

Arbitrum

Pool Market New Allocation (XVS) 3 Month Allocation (XVS)
Core ARB 239 717
Core WETH 239 717
Core WBTC 319 957
Core USDT 479 1437
Core USDC 479 1437
LST WETH 1020 3,060
Vault XVS 1,050 3,150
Total 3,825 11,475

Ethereum Mainnet

Pool Market New Allocation (XVS) 3 Month Allocation (XVS)
Core WETH 475 1,425
Core WBTC 949 2,847
Core USDT 1,709 5,127
Core USDC 1,709 5,127
LST ETH 3713 11,139
Vault XVS 5,040 15,120
Total 13,595 40,785

BNB Chain

Pool Market New Allocation (XVS) 3 Month Allocation (XVS)
Core XVS 900 2,700
Vault VAI 2,813 8,439
Vault XVS 13,230 39,690
Total 16,943 50,829

Action Plan

A VIP proposal will be created to transfer the required XVS amounts to the treasury on each chain. These funds will later be moved to the reward distribution contracts and the XVS store based on the specified amounts. This process will sustain emissions for an additional three months, after which further adjustments will be proposed based on updated performance data.

8 Likes
2

The emissions on other chains are higher compared to the emissions on the BNB chain. Since 90% of the TVL in the protocol comes from the BNB chain, the emissions on the BNB chain should remain fixed, while the emissions on other chains should be reduced.

1 Like
3

Im against this proposal. And the xvs emision should be 0 on all chains, except vaults, and should be autocompounded to the 7d lock. We should find another way to reward protocol users, without generating sell presure for out beloved xvs. Lookup onchain sells, majority comes feom rewarded protoocl users.

3 Likes
4

I also do not agree on emissions. We did the reduction for what then? The emissions should be improved in the prime vault, not in the core pool. We are boosting long term holders, aint it? Also, I think there is too much effort in chains that we do not cause impact, like Eth. Main efforts should be made in chains that we can positionate in an advantage position, instead of investing resources in actions that bring little to cero turnover.

1 Like
5

Guys, we reduced emissions by 55% and we will continue to reduce them again, ‘‘0’’ is the goal but these suggestions to stop it completely now does not make sense to me. Venus invested into deployments on new Blockchains so now we have to work to make them profitable, for example ZKSync Ignite is also around the corner, i really won’t to stop emissions now as they are and they will be very likely our advantage against AAVE, we gained a lot of ZK holders for our markets and we want to squeeze this opportunity and others as much as possible. In the end it will be gradually reduced as it was discussed many times. What’s your strategy if you just cut everything in current situation? :slight_smile:

3 Likes
6

I agree with this proposal. We should not cut/reduce emissions for other chains in order to continue growing. This is clearly not the best time to cut everything.

The goal is to improve TVL on Ethereum, Arbitrum and ZKSync.

3 Likes
7

I completely agree with what Dom and Frayst mentioned. I believe the goal of Venus is to reduce emissions to zero, but I think now is not the right time. We should focus on increasing the TVL of Arbitrum, Ethereum, and zkSync. I believe this proposal is very well-founded, and I think it will bring significant growth to the TVLs of the mentioned networks.

1 Like
8

Agree, but why not reward in other tokens? The treasury can asume 1M usd in different tokens, not xvs.

2 Likes
9

In order to increase the TVL of other chains, XVS incentive rewards are indispensable. I also want to know when the Arbitrum grant and Zksync ignite incentives will be launched.

2 Likes
10

A great trend for those who are accumulating XVS. Fewer and fewer tokens are being issued, and this will lead to understandable consequences, if you know what I mean.

1 Like