A week full of milestones for Stacks DeFi:. • Arkadiko Finance 2. 0 was released today.
20 Mar 2024, 17:01
A week full of milestones for Stacks DeFi:
• Arkadiko Finance 2.0 was released today
• Velar AMM is now live with the first trading pairs
• Stacking DAO and ALEX are the largest DeFi apps on any Bitcoin L2
The Stacks DeFi ecosystem is heating up!
Same news in other sources
6820 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 18:01
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter. Summary.
VIP-275 Token converters - enable public conversions USDT/XVS in the XVSVaultConverter
Summary
If passed, this VIP will enable the public conversions of USDT/XVS in the XVSVaultConverter. The XVSVaultConverter will accept XVS (that will be transferred to the XVSVaultTreasury), transferring USDT to the agent performing the conversion.
Description
Token converters were enabled in the VIP-248. In the initial setup, the USDT in the XVSVaultConverter was enabled only for private conversions (conversions from other token converters). The goal was to avoid public conversions of USDT/XVS, because public conversions will have an incentive, increasing the cost for the protocol.
Ideally, the RiskFundConverter and the USDTPrimeConverter (these converters only accept USDT in the conversions) would have XVS, and the private conversions could be performed between these converters and the XVSVaultConverter.
After more than one month operating the converters, the income generated by the protocol in XVS tokens is minimum. So, no private conversions USDT/XVS have been performed, and the XVSVaultConverter has accumulated around 105K USDT (March 20th, 2024).
This VIP enables the conversions of USDT/XVS for everyone, not only for private conversions. This will allow to convert (permissionless) the USDT held by the XVSVaultConverter to XVS. The incentives in the conversions are still 0.
References
- VIP simulation
- Documentation
Vote 👉🏻 https://app.venus.io/#/governance/proposal/275?chainId=56
20 Mar 2024, 17:46
❗️Attention ❗️:
ToobitTr X VenusTr
⚡ Where we will be discussing the latest news and the most significant updates regarding the protocol and the DeFi ecosystem.💫
📆 Friday, 22 March
🕟 18.00 UTC
🎁 100$
📍 t.me/ToobitTurkiye
You can't miss it‼️
———————————————————
❗️Dikkat ❗️:
ToobitTR X VenusTR
⚡ Protokol ve DeFi ekosistemiyle ilgili en son haberleri ve en önemli güncellemeleri konuşacağımız oturum. 💫
📆 Cuma, 22 Mart
🕟 21.00TSI
🎁 100$
📍 t.me/ToobitTurkiye
Sakın kaçırmayın‼️
Details - Detaylar,
$XVS $VAI #DeFi #VenusPrime #RWA
️Attention ️:. ToobitTr X VenusTr.
❗️Attention ❗️:
ToobitTr X VenusTr
⚡ Where we will be discussing the latest news and the most significant updates regarding the protocol and the DeFi ecosystem.💫
📆 Friday, 22 March
🕟 18.00 UTC
🎁 100$
📍 t.me/ToobitTurkiye
You can't miss it‼️
———————————————————
❗️Dikkat ❗️:
ToobitTR X VenusTR
⚡ Protokol ve DeFi ekosistemiyle ilgili en son haberleri ve en önemli güncellemeleri konuşacağımız oturum. 💫
📆 Cuma, 22 Mart
🕟 21.00TSI
🎁 100$
📍 t.me/ToobitTurkiye
Sakın kaçırmayın‼️
Details - Detaylar,
https://twitter.com/Toobit_Turkiye/status/1770505621965541812
$XVS $VAI #DeFi #VenusPrime #RWA