Same news in other sources
2213 Feb 2023, 20:09
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application:
It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19.
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application: https://moonbeamaccelerator.com/
13 Feb 2023, 20:09
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application:
It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19.
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application: https://moonbeamaccelerator.com/
13 Feb 2023, 20:09
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application:
It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19.
🚀 It is the final week to submit your application for the Moonbeam Accelerator Program - Deadline is Sunday, February 19!
Of the 150+ applicants so far, only 10 teams will be accepted into the accelerator program to bring their Web3 startup to the next level! From a concept on paper to a full deployment, this program is designed to help teams sharpen every skill needed for running a successful Web3 startup.
Learn more & submit your application: https://moonbeamaccelerator.com/
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93
13 Feb 2023, 20:08
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻
VIP-93 IS LIVE. (Risk Parameter Adjustment for SXP). Proposal type: Normal. Summary. This VIP will:.
🔵 VIP-93 IS LIVE
(Risk Parameter Adjustment for SXP)
Proposal type: Normal
Summary
This VIP will:
- Increase reserve factor to 100% for SXP (Suppliers will stop receiving interest)
- Reduce Collateral Factor to 35% for SXP (User’s need to adjust their positions accordingly)
Specifications
Given the concerns around SXP migrating to a new chain (Solar Network) and thus a possible decline in BEP20 SXP liquidity on BNB chain, Gauntlet recommends the following actions be taken immediately to prevent risk to our users:
-Immediately pause supply and borrow for the SXP market on Venus. (Recommendation executed already)
-Immediately increase the reserve factor of SXP to 100% to disincentivize supply.
-Reduce SXP collateral factor to 35% immediately
Gauntlet will monitor market and users conditions to suggest additional reductions in CF to progressively reach a CF of 0 (zero) for SXP in the upcoming weeks. The SXP Market will then be deprecated on Venus.
Voting Options
For - I agree that Venus Protocol should immediately proceed with Gauntlet’s recommendations.
Against - I do not think that Venus Protocol should proceed with Gauntlet’s recommendations.
Abstain - I am indifferent to whether Venus Protocol proceeds with Gauntlet’s recommendations.
Vote 👉🏻 https://app.venus.io/governance/proposal/93