The
#Venus v2 proposal will be deployed today. Once passed and executed the following changes will have been made 👇
💴 VAI Liquidations
This will work exactly the same way that current positions get liquidated if they are over the borrow threshold, specifically for those who minted
$VAI. There will be a 10% penalty which goes to the liquidator.
💰 VAI Mint Fees
Every time new VAI gets minted there is a 0.01% fee in VAI that gets sent to the Reserves Treasury which is controlled by
$XVS Governance.
🏦 Venus Redemption Fee
Every time you decide to withdraw your position and burn a vToken (redeem/withdraw your underlying asset out of
#Venus) there will be a 0.01% fee that is assessed and sent to the Reserves Treasury which is controlled by
$XVS Governance.