VenusLabs

Venus Protocol causes a stir with a proposal to spend 1.7 million USD to reimburse Venus Labs – the core development team, even as the XVS token price continues to plummet. The big question is: Who truly benefits from the project's development results?

Noteworthy reimbursement proposal: 1.7 million USD for Venus Labs.

#VenusProtocol – a lending and synthetic stablecoin platform on BNB Chain – has just made a noteworthy proposal: to reimburse 1.7 million USD to Venus Labs to cover development costs in the second half of 2024.