Venus

SummaryVIP-137 relates to the Quarterly Venus Protocol XVS Buyback &amp; Funds allocation as indicated in our Tokenomics. Specifications As per Venus Tokenomics v.3.1, this VIP will proceed to withdraw funds for our Quarterly Buyback and distributions. The complete details on our latest Tokenomics are available here: <a href="https://community.venus.io/t/proposal-for-revision-of-venus-protocol-tokenomics/3599" rel="noopener noreferrer nofollow">Revision of Venus Tokenomics</a> As the community approved in the previous <a href="https://snapshot.org/#/venus-xvs.eth/proposal/0xc9d270ccecb7b91c75b95b8d9af24fc7c20cd38c0c0c44888ed4e7724f4e7ce9" rel="noopener noreferrer nofollow">Snapshot Vote</a> and <a href="https://app.venus.io/governance/proposal/133" rel="noopener noreferrer nofollow">VIP Proposal</a>, these new Tokenomics became effective immediately and are inclusive of the Venus Q2 Revenues. Please note that since the Vaults on Venus are now controlled by the Governance, a second VIP will be necessary to allocate the buyback XVS Tokens to the Vault rewards distribution contract and set the new XVS Vault distribution speed once the buyback is completed. Vote &amp; Details &#x1f449;&#x1f3fb; <a href="https://app.venus.io/governance/proposal/137" rel="noopener noreferrer nofollow">https://app.venus.io/governance/proposal/137</a>

⚡️New Governance Proposal: VIP-137 Quarterly XVS Buyback and Funds Allocation.

Venus Protocol

Other articles published on Jul 5, 2023

From surveillance to empowerment: ethical web3 enthusiast advocates for privacy at ETHBarcelona

Will InQubeta (QUBE) Surpass Ethereum (ETH) in Price? Analysts Think So

How to Copy Trade? Copy Successful Traders – Step-by-Step Explained

4 Under The Radar Crypto Gems with Huge Potential

Belarus Increases Restrictions on Crypto Trading Amid Wider Crackdowns

Sweat Economy Introduces Free NFT Game for Fitness Motivation

Join our free newsletter for daily crypto updates!