Executed

{"version":"v2","title":"VIP-73 Stop collateralizing XVS for some accounts & optimize fees","description":"In VIP-60, we introduced “collateralizing the rewards” feature that allows anyone to collateralize XVS rewards for accounts with shortfall. Liquidators could then liquidate these rewards to cover the account’s debt.


Proposal ID

73

Proposed

Sep 21st, 2022

Result details
Final Votes

Quorum

811.99K of 0

Majority support

Yes

For

811.99K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xfD36...8384

_setPendingImplementation(..)

Custom

Account

0xfD36...8384

Method

_setPendingImplementation(..)

Custom

0x2E61...6eC2

_become(..)

Custom

Account

0x2E61...6eC2

Method

_become(..)

Proposal

However, there are several known accounts with large debts being liquidated which creates extensive sell pressure on XVS. This VIP blocks these accounts from claiming the rewards, even to collateral, until the debt Refinancing solution is launched. (Bonds)

Apart from this, XVS Rewards Claiming fees will be optimized. The fees will be lower after the upgrade.","forDescription":"I agree Venus should upgrade the implementation to block some accounts from collateralizing the rewards","againstDescription":"I do not think Venus should uapply this upgrade","abstainDescription":"I am indifferent to whether Venus applies this upgrade"}

Final Votes

Quorum

811.99K of 0

Majority support

Yes

For

811.99K

Against

0

Abstain

0

Final Votes
Status

Wed Sep 21, 07:25 am

Published onchain

Sun Jul 23, 12:41 am

Voting period started

Mon Jul 24, 12:41 am

Voting period ended

Thu Sep 22, 12:03 pm

Proposal queued

Sat Sep 24, 12:34 pm

Proposal executed