Venus Reward Token VRT
Rang #2957 InbegrepenVenus Reward TokenPrijs
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Over Venus Reward Token
Venus Reward Token is a mechanism created to become an additional mining distribution to suppliers and borrowers of Venus Protocol. The goal is to gradually lower XVS inflation rate and also include burning XVS throughout this process. Since XVS is the Governance token that controls the entire protocol, our goal is to make the total supply lower over time to make Governance more secure. In substitution to this, we realize that a lucrative APY yield created by the protocol is important. VRT will have a total supply of 30 billion and be distributed to users over the course of 4 years while we plan to have the XVS distribution double to around 8 years to compliment the reductions. All of this is subject to Governance changes and on-chain proposals.
Details
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