Venus Risk Assessment Framework

The purpose of this documentation is to explain the process of risk assessment for currencies supported by Venus proctol. The assessment is mainly based on the current market condition and proctol user data, because the Venus Risk Management Team wants to be in a relatively objective manner. The assessment uses the quantitative model/score to measure … Read more

Venus AMA Q&A

AMA TIME: 2021.6.26 1:00 AM (UTC) Danny:Good Morning/Evening everyone! For those who might not know already, well, my name is Danny, I’m from Canada and I’m your new Global Community Deputy for Venus and I will be the host of this AMA. I will start by answering the regroupment of the many questions that were … Read more

Venus Protocol — Incident Post Mortem

Venus Protocol — Incident Post Mortem Please note: The information contained herein is not for any purpose but informational and for transparency purposes. This information may only be used in conjunction with data research and we do not make any claims to any information herein for any other purpose. Some information will also be redacted or abbreviated due … Read more

Venus Protocol — Update 5/27

Venus Protocol — Update 5/27 To the Venus Community: We wanted to take this opportunity to update you on the latest news regarding the Venus Incident Report. As of today, we have been in extensive conversations with many market participants and are happy to announce we have secured counter-parties for the system shortfall in full. Venus will be … Read more

Proposed Risk Enhancements on Venus Protocol

Background On 19th May, Venus Protocol encountered a liquidation of over $200 million triggered by a price spike. The price spike rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. The price volatility activated a ripple effect which resulted in massive … Read more

Venus 事件报告- XVS清算

今天早晨(新加坡时间),由于大量的市场订单和对我们新奖励代币VRT的期待,XVS的价格出现了大幅上涨。在供应量有限的情况下,这些大量订单导致市场价格出现了巨大波动。由于价格上涨,交易商抵押并反复借出了更多抵押品以继续购买XVS。根据协议的报告,这些交易的利润率非常高。随后,部分交易商从价格上涨中锁定了利润,导致价格出现下跌。这是一个多米诺骨牌效应,由于XVS大量被卖出使得价格急剧降低,导致XVS市场中有大量的市场清算发生。 Venus协议中的清算机制和用户杠杆“做多”方式有点类似。用户可以使用抵押品借入更多抵押品以增加头寸,并重新利用和调整头寸。协议中的清算人会寻找出头寸超出其保证金的帐户,在本事件中,他们将借入限额清算至多50%的头寸并收取10%的费用。然后,这些清算人将出售其所扣押的抵押物,在本事件中为XVS,以取回其用于进行清算的资本。唯一的问题在于,这10%会随着市场波动而波动,导致更大的滑点,从而再次降低被扣押资产的价格。这将导致连续的清算问题。随着更多的清算发生,价格下跌,事件进入了负面循环,直到清算完成。 这就是本次在Venus协议的XVS市场中所发生的一切。这是一个坏消息,但也有好消息是没有资金损失。尽管由于价格的快速下跌,余额出现了亏空,清算人充分利用了这种情况,但Venus将部署grant计划,利用XVS来弥补系统的不足。它们不会被出售到市场上,而是在Venus团队的监督下负责任地发挥杠杆调节作用,或者给签署长期持有协议的合作伙伴进行场外交易。 为确保此类事件不再发生,我们将重新查看在Venus上所支持的每种资产,并且安全地降低各抵押系数。我们也将与我们的Oracle一起寻找更好的价格更新方法,最后评估资产的供应上限,以确保在一定阈值下无法再加杠杆。本次事件中,Venus协议正常地按预期那样工作,但清算人没能及时地完成清算,而后导致了清算市场连续的抛售。未来,我们还将创建一个用户界面,以便更多成员可以参与清算工作,共同分担清算的工作量。 感谢您一直以来对Venus团队的支持! Venus 团队 Venus 事件报告- XVS清算 was originally published in Venus Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Venus Incident Report — XVS Liquidations

Venus Incident Report — XVS Liquidations Early this morning (SGT), there was a massive price spike in the XVS caused by large market orders and expectation on the new VRT. These large tranches of orders, with the limited supply available that is unstaked, caused a huge fluctuation in market prices. Due to the price increase, traders supplied … Read more

Venus Upgrades its Oracle Mechanism to Chainlink Across All Lending Markets

We are excited to announce that Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), has now fully upgraded to Chainlink as its oracle solution. Our lending markets leverage Chainlink to price collateral during both loan issuance and liquidation processes, ensuring Venus is always fully collateralized and referencing fair market prices. … Read more

Venus Deploys VIP-23 Proposal

Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), has now deployed the VIP-23 proposal to allow a full upgrade to Chainlink as its oracle solution. In order to have a fully algorithmic money market, Venus requires price data to determine the value of the underlying collateral lent and borrowed … Read more

Venus Reward Token Distribution & VENUS NFT Details

Venus token holders, including vXVS, will receive an airdrop exclusively on Binance Smart Chain on May 15th at block number 7479562. This airdrop will also be sent to exchange addresses, and they will announce their support plans, if any, directly. We are already coordinating with Binance.com to handle this distribution. The ratio of the airdrop … Read more