Executed

{"version":"v2","title":"VIP-75 XVS Quarterly Buyback and Funds Allocation","description":"VIP-75 relates to the Quarterly Venus Protocol XVS Buyback & Funds allocation as indicated in our Tokenomics.


Proposal ID

75

Proposed

Oct 7th, 2022

Result details
Final Votes

Quorum

1.06M of 0

Majority support

Yes

For

1.06M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xec34...8D71

_reduceReserves(..)

Custom

Account

0xec34...8D71

Method

_reduceReserves(..)

Custom

0xbA2a...4C43

transfer(..)

Custom

Account

0xbA2a...4C43

Method

transfer(..)

Custom

0x5c94...bBc8

_reduceReserves(..)

Custom

Account

0x5c94...bBc8

Method

_reduceReserves(..)

Custom

0xCC42...82bD

transfer(..)

Custom

Account

0xCC42...82bD

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 second 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

1.06M of 0

Majority support

Yes

For

1.06M

Against

0

Abstain

0

Final Votes
Status

Fri Oct 7, 04:34 pm

Published onchain

Mon Aug 7, 08:08 pm

Voting period started

Tue Aug 8, 08:08 pm

Voting period ended

Sat Oct 8, 06:41 pm

Proposal queued

Mon Oct 10, 10:39 pm

Proposal executed