VIP-129 TUSD Contract Migration is live! Proposal type: Normal Proposer: Dev Team Summary This VIP relates to the TUSD contract migration on BNB Chain as announced earlier this month. If passed this VIP will perform the following actions: * Deploy a new market, with the new BEP20 TUSD contract as underlying * Actions to start the process of deprecating the current market with the old BEP20 TUSD contract as underlying Description Following the Gauntlet recommendations, the detailed list of changes that would be done if this VIP passes are: * Borrowing, supplying and enabling TUSD as collateral will be paused for the current TUSD market on Venus. It will be renamed to ‘TUSDOLD’. * XVS distribution will be set to 0 for ‘TUSDOLD’ market and set to 12.5 XVS per day in the new TUSD market. * Reserve factor will be increased in the ‘TUSDOLD’ market, to 100% * Collateral factor will be decreased in the ‘TUSDOLD’ market, to 55% * Upgrade the legacy vTUSD market, to use a different name: "Venus TUSDOLD" * Add a new market, using the new BEP20 TUSD contract as underlying. Until sufficient liquidity is in place, Gauntlet Network has recommended the following settings: - CF: 0% - reserve factor: 25% - borrow cap: 600,000 TUSD - supply cap: 1,000,000 TUSD 👉🏻 Vote & Details https://app.venus.io/governance/proposal/129