Choise.ai is a top-tier Web3 B2B & B2C crypto banking platform, operates in 120 countries with global licenses, and partners with Visa, Mastercard, BitGo, and 50+ companies! 🌍 Here are some key highlights from our roadmap planned for 2024: 📈 Launch of VLT and B2B revenue distribution for CHO holders  📈 Beta launch of our L2 platform, Entropy, the first AI-powered business-ready layer  📈 Launch of PerpeX, a perpetual DEX supporting multiple TradFi and DeFi markets with 1000x leverage  This is just the tip of the iceberg! Want to dive deeper into our 2024/2025 roadmap? https://choise.ai/announce/unveils-long-term-roadmap

Choise.ai is a top-tier Web3 B2B & B2C crypto banking platform, operates in 120 countries with global licenses, and partners with Visa, Mastercard, BitGo, and 50+ companies! 🌍 Here are some key highlights from our roadmap planned for 2024: 📈 Launch of VLT and B2B revenue distribution for CHO holders  📈 Beta launch of our L2 platform, Entropy, the first AI-powered business-ready layer  📈 Launch of PerpeX, a perpetual DEX supporting multiple TradFi and DeFi markets with 1000x leverage  This is just the tip of the iceberg! Want to dive deeper into our 2024/2025 roadmap? https://choise.ai/announce/unveils-long-term-roadmap

🛠️ Build the unimaginable - the Hedera HelloFuture Hackathon with AngelHack has officially begun! With over $300K in prizes to be won across five tracks including AI, DeFi, and RWA tokenization for innovative, groundbreaking solutions built using hashgraph, we can't wait to see what the community comes up with this year. 🗓️ July 22nd - August 20th ✍️ Registrations close August 18th Register today ⚙️ https://go.hellofuturehackathon.dev/hedera-socials

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56

VIP-343 Authorize Fast-track and Critical timelocks to update the interest rate on the VBNB market Summary If passed, this VIP will perform the following actions: - Update the implementation of the VBNBAdmin contract - Grant Normal, Fast-track and Critical timelocks to execute the function setInterestRateModel on the VBNBAdmin contract Description VBNBAdmin is the admin of the VBNB market. The VBNBAdmin contract was added in the VIP-189, to facilitate the Automatic Income Allocation feature in the VBNB market (that is not upgradable). With the change included in this VIP, a new function to the VBNBAdmin contract is added: setInterestRateModel. This new function: 1. checks the required permission in the AccessControlManager contract 2. invokes the privilege function in the VBNB contract By integrating the ACM, it will be possible to grant the different timelock contracts for the execution of the new function, and therefore it will be able to change the Interest Rate contract of the VBNB market with Normal, Fast-track and Critical VIP's (nowadays, only the Normal timelock can do this, because the ACM is not integrated, and it is required to be the admin of the VBNB market to perform this update). Security and additional considerations We applied the following security procedures for this upgrade: - Configuration post VIP: in a simulation environment, validating the new implementation - Deployment on testnet: the same upgrade and configuration have been performed on BNB testnet - Audit: Certik has audited the updated code Additional details in VIP description. Vote 🗳 https://app.venus.io/#/governance/proposal/343?chainId=56