New Forum Proposal: Deploy the VAI PEG Stability module and Supply Liquidity to PancakeSwap for the VAI/USDT Pair.
12 Apr 2023, 21:33
New Forum Proposal: Deploy the VAI PEG Stability module and Supply Liquidity to PancakeSwap for the VAI/USDT Pair.
Hello Venus family! We're pleased to finally present this long awaited proposal.
These are the last steps required before safely re-enabling VAI Minting on Venus.
Please, have a look and leave your comments in the forum!
Same news in other sources
214 Apr 2023, 20:04
VIP-108 is Live!
Proposal Type: Normal
Proposer: Community
Summary
This VIP will perform the following actions:
Add liquidity to the VAI/USDT pair in PancakeSwap, version 2, using funds from the Venus Protocol treasury (180,000 VAI and 180,000 USDT)
Send to the Venus Protocol treasury the LP tokens associated with the liquidity provided
Specifications
As part of the plan to maintain VAI pegged 1:1 to the US dollar, and in anticipation of Venus launching the VAI Peg Stability Module (Details), Venus Protocol is going to provide liquidity to PancakeSwap v2, using VAI generated by the Stability Fee. The LP tokens generated will be sent to the Venus Protocol treasury, so they could be redeemed in the future with a new VIP.
The liquidity will be provided only if the pool price of VAI is between 0.99 and 1.01 USDT when the VIP is executed. Otherwise, no funds will be transferred from the treasury.
Vote 👉🏻
VIP-108 is Live. Proposal Type: Normal. Proposer: Community. Summary. This VIP will perform the following actions:.
VIP-108 is Live!
Proposal Type: Normal
Proposer: Community
Summary
This VIP will perform the following actions:
Add liquidity to the VAI/USDT pair in PancakeSwap, version 2, using funds from the Venus Protocol treasury (180,000 VAI and 180,000 USDT)
Send to the Venus Protocol treasury the LP tokens associated with the liquidity provided
Specifications
As part of the plan to maintain VAI pegged 1:1 to the US dollar, and in anticipation of Venus launching the VAI Peg Stability Module (Details), Venus Protocol is going to provide liquidity to PancakeSwap v2, using VAI generated by the Stability Fee. The LP tokens generated will be sent to the Venus Protocol treasury, so they could be redeemed in the future with a new VIP.
The liquidity will be provided only if the pool price of VAI is between 0.99 and 1.01 USDT when the VIP is executed. Otherwise, no funds will be transferred from the treasury.
Vote 👉🏻 https://app.venus.io/governance/proposal/108
13 Apr 2023, 20:25
A new snapshot vote has been submitted!
This Snapshot vote is a temperature check in reference to the proposal shared yesterday in the Community Forum on deploying the VAI PEG Stability module and Supplying Liquidity to PancakeSwap for the VAI/USDT Pair.
Please Vote everyone!
A new snapshot vote has been submitted.
A new snapshot vote has been submitted!
This Snapshot vote is a temperature check in reference to the proposal shared yesterday in the Community Forum on deploying the VAI PEG Stability module and Supplying Liquidity to PancakeSwap for the VAI/USDT Pair.
Please Vote everyone!
https://snapshot.org/#/venus-xvs.eth/proposal/0xb74c502f4e34499a33bf79e9ecffe9982b6f258563afd03a3d6b33fcd41f6db1