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feat: set ID and description for the VIP 410
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chechu committed Dec 24, 2024
1 parent df2c0c0 commit c5e55ad
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Showing 3 changed files with 73 additions and 15 deletions.
2 changes: 1 addition & 1 deletion simulations/vip-410/bscmainnet.ts
Original file line number Diff line number Diff line change
Expand Up @@ -61,7 +61,7 @@ forking(45126615, async () => {
});

it("check XVS market speed", async () => {
expect(await comptroller.venusSupplySpeeds(BSC_XVS_MARKET)).to.equals("1027397260273972");
expect(await comptroller.venusSupplySpeeds(BSC_XVS_MARKET)).to.equals("1041666666666666");
});
});
});
10 changes: 5 additions & 5 deletions simulations/vip-410/ethereum.ts
Original file line number Diff line number Diff line change
Expand Up @@ -5,9 +5,9 @@ import { expectEvents } from "src/utils";
import { forking, testForkedNetworkVipCommands } from "src/vip-framework";

import vip410, {
ETHEREYM_XVS,
ETHEREYM_XVS_VAULT,
ETHEREYM_XVS_VAULT_REWARD,
ETHEREUM_XVS,
ETHEREUM_XVS_VAULT,
ETHEREUM_XVS_VAULT_REWARD,
emissions,
} from "../../vips/vip-410/bscmainnet";
import REWARDS_DISTRIBUTOR_ABI from "./abi/RewardDistributor.json";
Expand Down Expand Up @@ -51,8 +51,8 @@ forking(21470971, async () => {
});

it("check xvs vault speed", async () => {
const xvsVault = new ethers.Contract(ETHEREYM_XVS_VAULT, XVS_VAULT_ABI, ethers.provider);
expect(await xvsVault.rewardTokenAmountsPerBlockOrSecond(ETHEREYM_XVS)).to.equals(ETHEREYM_XVS_VAULT_REWARD);
const xvsVault = new ethers.Contract(ETHEREUM_XVS_VAULT, XVS_VAULT_ABI, ethers.provider);
expect(await xvsVault.rewardTokenAmountsPerBlockOrSecond(ETHEREUM_XVS)).to.equals(ETHEREUM_XVS_VAULT_REWARD);
});
});
});
76 changes: 67 additions & 9 deletions vips/vip-410/bscmainnet.ts
Original file line number Diff line number Diff line change
@@ -1,5 +1,5 @@
import { ethers } from "hardhat";
import { LzChainId } from "src/types";
import { Command, LzChainId } from "src/types";

import { ProposalType } from "../../src/types";
import { makeProposal } from "../../src/utils";
Expand All @@ -16,17 +16,17 @@ export const ARBITRUM_XVS_REWARDS_DISTRIBUTOR_CORE = "0x53b488baA4052094495b6De9
export const ARBITRUM_XVS_REWARDS_DISTRIBUTOR_LST = "0x6204Bae72dE568384Ca4dA91735dc343a0C7bD6D";

export const ZKSYNC_XVS_VAULT = "0xbbB3C88192a5B0DB759229BeF49DcD1f168F326F";
export const ETHEREYM_XVS_VAULT = "0xA0882C2D5DF29233A092d2887A258C2b90e9b994";
export const ETHEREUM_XVS_VAULT = "0xA0882C2D5DF29233A092d2887A258C2b90e9b994";
export const ARBITRUM_XVS_VAULT = "0x8b79692AAB2822Be30a6382Eb04763A74752d5B4";
export const BSC_XVS_VAULT = "0x051100480289e704d20e9DB4804837068f3f9204";

export const ZKSYNC_XVS = "0xD78ABD81a3D57712a3af080dc4185b698Fe9ac5A";
export const ETHEREYM_XVS = "0xd3CC9d8f3689B83c91b7B59cAB4946B063EB894A";
export const ETHEREUM_XVS = "0xd3CC9d8f3689B83c91b7B59cAB4946B063EB894A";
export const ARBITRUM_XVS = "0xc1Eb7689147C81aC840d4FF0D298489fc7986d52";
export const BSC_XVS = "0xcF6BB5389c92Bdda8a3747Ddb454cB7a64626C63";

export const ZKSYNC_XVS_VAULT_REWARD = "405092592592592";
export const ETHEREYM_XVS_VAULT_REWARD = "23333333333333333";
export const ETHEREUM_XVS_VAULT_REWARD = "23333333333333333";
export const ARBITRUM_XVS_VAULT_REWARD = "405092592592592";

export const BSC_XVS_MARKET = "0x151B1e2635A717bcDc836ECd6FbB62B674FE3E1D";
Expand Down Expand Up @@ -215,7 +215,7 @@ const commands = emissions
dstChainId: emission.chainId,
};
})
.reduce((accumulator: any, currentValue: any) => {
.reduce((accumulator: Command[], currentValue: Command) => {
const command = accumulator.find(
(it: any) => it.target == currentValue.target && it.dstChainId == currentValue.dstChainId,
);
Expand All @@ -232,8 +232,66 @@ const commands = emissions
export const vip410 = () => {
const meta = {
version: "v2",
title: "VIP-410 Market Emission Adjustment",
description: ``,
title: "VIP-410 Emissions Adjustments Across All Chains",
description: `#### Summary
Following the community proposal [Proposal: Emissions Adjustments Across All Chains](https://community.venus.io/t/proposal-emissions-adjustments-across-all-chains/4777), and the [associated snapshot](https://snapshot.box/#/s:venus-xvs.eth/proposal/0x8033a801d152e88511475c117e114a3a2e4037d5a7252a2bea40e78a36b72d51), if passed, this VIP will perform the following actions:
- Adjust the XVS emissions on BNB Chain, Ethereum, Arbitrum one and ZKSync Era markets
- Reduce the XVS emissions in the XVS Vaults of the mentioned networks
- Reduce the XVS emissions in the VAI Vault on BNB Chain
The sum of the current emissions is 2,238.8 XVS/day, and after the change the daily emission of XVS in these networks will be 1,012.4 XVS/day (a 55% reduction).
#### Details
Specifically, the changes in the monthly XVS emissions are:
**BNB Chain.**
- Core pool
- XVS. From 1,200 XVS/month to 900 XVS/month (100% for suppliers, and 0% for borrowers)
- XVS Vault: from 18,900 XVS/month to 13,230 XVS/month
- VAI Vault: from 3,750 XVS/month to 2,813 XVS/month
**Ethereum.**
- Core pool
- WETH. From 633 XVS/month to 475 XVS/month (100% for suppliers, and 0% for borrowers)
- WBTC. From 1,898 XVS/month to 949 XVS/month (100% for suppliers, and 0% for borrowers)
- USDT. From 2,279 XVS/month to 1,709 XVS/month (0% for suppliers, and 100% for borrowers)
- USDC. From 2,279 XVS/month to 1,709 XVS/month (0% for suppliers, and 100% for borrowers)
- Liquid Staked ETH pool
- From 12,375 XVS/month to 3,713 XVS/month (100% for suppliers, and 0% for borrowers)
- XVS Vault: from 7,200 XVS/month to 5,040 XVS/month
**ZKSync Era.**
- Core pool
- ZKSync. From 900 XVS/month to 630 XVS/month (100% for suppliers, and 0% for borrowers)
- ETH. From 1,200 XVS/month to 600 XVS/month (100% for suppliers, and 0% for borrowers)
- BTC. From 1,200 XVS/month to 600 XVS/month (100% for suppliers, and 0% for borrowers)
- USDT. From 900 XVS/month to 450 XVS/month (0% for suppliers, and 100% for borrowers)
- USDC.e. From 1,800 XVS/month to 900 XVS/month (0% for suppliers, and 100% for borrowers)
- XVS Vault: from 1,500 XVS/month to 1,050 XVS/month
**Arbitrum one.**
- Core pool
- ARB. From 319 XVS/month to 239 XVS/month (100% for suppliers, and 0% for borrowers)
- WETH. From 319 XVS/month to 239 XVS/month (100% for suppliers, and 0% for borrowers)
- WBTC. From 638 XVS/month to 319 XVS/month (100% for suppliers, and 0% for borrowers)
- USDT. From 638 XVS/month to 479 XVS/month (0% for suppliers, and 100% for borrowers)
- USDC. From 638 XVS/month to 479 XVS/month (0% for suppliers, and 100% for borrowers)
- Liquid Staked ETH pool
- WETH. From 3,400 XVS/month to 1,020 XVS/month (100% for suppliers, and 0% for borrowers)
- wstETH. From 850 XVS/month to 0 XVS/month (0% for suppliers, and 0% for borrowers)
- weETH. From 850 XVS/month to 0 XVS/month (0% for suppliers, and 0% for borrowers)
- XVS Vault: from 1,500 XVS/month to 1,050 XVS/month
#### References
- [VIP simulation](https://github.com/VenusProtocol/vips/pull/443)`,
forDescription: "Execute this proposal",
againstDescription: "Do not execute this proposal",
abstainDescription: "Indifferent to execution",
Expand All @@ -249,9 +307,9 @@ export const vip410 = () => {
dstChainId: LzChainId.zksyncmainnet,
},
{
target: ETHEREYM_XVS_VAULT,
target: ETHEREUM_XVS_VAULT,
signature: "setRewardAmountPerBlockOrSecond(address,uint256)",
params: [ETHEREYM_XVS, ETHEREYM_XVS_VAULT_REWARD],
params: [ETHEREUM_XVS, ETHEREUM_XVS_VAULT_REWARD],
dstChainId: LzChainId.ethereum,
},
{
Expand Down

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