️New Governance Proposal: VIP-137 Quarterly XVS Buyback and Funds Allocation. Description.
05 Jul 2023, 20:54
⚡️New Governance Proposal: VIP-137 Quarterly XVS Buyback and Funds Allocation
Description
VIP-137 relates to the Quarterly Venus Protocol XVS Buyback & Funds allocation as indicated in our Tokenomics.
Specifications
As per our 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: Revision of Venus Tokenomics
As the community approved in the previous Snapshot Vote and VIP Proposal, 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 & Details 👉🏻