VIP-535 [BNB Chain][Ethereum] Remove Low-Activity Markets
If this VIP passed, following the community post Remove Low-Activity Markets (snapshot), the following markets will be removed from the Venus Protocol:
- Ethena pool:
- USDC
- sUSDe
- PT-USDe-MAR25
- PT-sUSDE-MAR25
- rsETH (Liquid Staked ETH pool)
BNB Chain
- PT-SolvBTC.BBN-MAR25 (BTC)
In VIP-510: Deprecation of Low-Activity Markets on BNB Chain and Ethereum, several markets were deprecated due to low user activity. This VIP aims to permanently remove some of these markets from the Venus Protocol based on the following criteria:
- The markets have already been deprecated (supply and borrow functions are disabled, and the Max LTV is set to zero).
- There are no outstanding borrowed assets, or the borrowed amounts are negligible.
- The total USD value of supplied assets in the market is less than $20.
Based on these conditions, the proposal seeks to remove the specified markets from the Venus Protocol. Once removed, these markets will no longer appear in the official Venus app, and users will be unable to interact with them in any way, including supplying, borrowing, withdrawing, or repaying.
Vote here 🗳: https://app.venus.io/#/governance/proposal/535?chainId=56
