Executed

{"version":"v2","title":"VIP-74 XVS Quarterly Buyback and Funds Allocation","description":"VIP-74 relates to the Quarterly Venus Protocol XVS Buyback & Funds allocation as indicated in our Tokenomics.


Proposal ID

74

Proposed

Oct 1st, 2022

Result details
Final Votes

Quorum

886.16K of 0

Majority support

Yes

For

886.16K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xecA8...67C8

_reduceReserves(..)

Custom

Account

0xecA8...67C8

Method

_reduceReserves(..)

Custom

0x8AC7...580d

transfer(..)

Custom

Account

0x8AC7...580d

Method

transfer(..)

Custom

0xfD58...0255

_reduceReserves(..)

Custom

Account

0xfD58...0255

Method

_reduceReserves(..)

Custom

0x55d3...7955

transfer(..)

Custom

Account

0x55d3...7955

Method

transfer(..)

Proposal

You can read the latest details about the Buyback & Burn and tokenomics distribution here: Venus proposal: Venus Tokenomics Upgrade v3.0 Proposal (snapshot.org)

Please note that there is a slight change to this quarterly allocation in anticipation of the forthcoming V3 tokenomics launch that has received positive community feedback and with the aim of seeking the greatest impact for protocol revenue allocation.

This VIP proposal is the First of three that will be required to also withdraw the protocol revenues generated by the Liquidations on Venus.","forDescription":"I agree that Venus Protocol should proceed with the Buyback & Tokenomics Distribution","againstDescription":"I do not think that Venus Protocol should proceed with the Buyback & Tokenomics Distribution","abstainDescription":"I am indifferent to whether Venus Protocol proceeds with the Buyback & Tokenomics Distribution"}

Final Votes

Quorum

886.16K of 0

Majority support

Yes

For

886.16K

Against

0

Abstain

0

Final Votes
Status

Sat Oct 1, 10:55 am

Published onchain

Wed Aug 2, 12:53 am

Voting period started

Thu Aug 3, 12:53 am

Voting period ended

Sun Oct 2, 03:06 pm

Proposal queued

Tue Oct 4, 05:38 pm

Proposal executed