From c0291ad9c292ff7627cd67078b8cb70e0369e586 Mon Sep 17 00:00:00 2001 From: web3rover Date: Thu, 19 Jun 2025 13:30:07 +0530 Subject: [PATCH 1/2] fix: updated token convertors for bnb --- deployed-contracts/token-converters.md | 8 ++++---- .../reference-technical-articles/prime.md | 14 +++++++------- .../token-converters.md | 4 ++-- 3 files changed, 13 insertions(+), 13 deletions(-) diff --git a/deployed-contracts/token-converters.md b/deployed-contracts/token-converters.md index f3d2adc3..b881a199 100644 --- a/deployed-contracts/token-converters.md +++ b/deployed-contracts/token-converters.md @@ -7,8 +7,8 @@ * SingleTokenConverterBeacon: [`0x4c9D57b05B245c40235D720A5f3A592f3DfF11ca`](https://bscscan.com/address/0x4c9D57b05B245c40235D720A5f3A592f3DfF11ca) * USDTPrimeConverter: [`0xD9f101AA67F3D72662609a2703387242452078C3`](https://bscscan.com/address/0xD9f101AA67F3D72662609a2703387242452078C3) * USDCPrimeConverter: [`0xa758c9C215B6c4198F0a0e3FA46395Fa15Db691b`](https://bscscan.com/address/0xa758c9C215B6c4198F0a0e3FA46395Fa15Db691b) -* BTCBPrimeConverter: [`0xE8CeAa79f082768f99266dFd208d665d2Dd18f53`](https://bscscan.com/address/0xE8CeAa79f082768f99266dFd208d665d2Dd18f53) -* ETHPrimeConverter: [`0xca430B8A97Ea918fF634162acb0b731445B8195E`](https://bscscan.com/address/0xca430B8A97Ea918fF634162acb0b731445B8195E) +* WBNBPrimeConverter: [`0x55a4b16A6d133085Fc15E32972af7AE518b2FC4d`](https://bscscan.com/address/0x55a4b16A6d133085Fc15E32972af7AE518b2FC4d) +* FDUSDPrimeConverter: [`0xF4Ff8Bf521113667eF9BC3a58E576AF3A5A4f8C5`](https://bscscan.com/address/0xF4Ff8Bf521113667eF9BC3a58E576AF3A5A4f8C5) * XVSVaultConverter: [`0xd5b9AE835F4C59272032B3B954417179573331E0`](https://bscscan.com/address/0xd5b9AE835F4C59272032B3B954417179573331E0) * WBNBBurnConverter: [`0x9eF79830e626C8ccA7e46DCEd1F90e51E7cFCeBE`](https://bscscan.com/address/0x9eF79830e626C8ccA7e46DCEd1F90e51E7cFCeBE) * ConverterNetwork: [`0xF7Caad5CeB0209165f2dFE71c92aDe14d0F15995`](https://bscscan.com/address/0xF7Caad5CeB0209165f2dFE71c92aDe14d0F15995) @@ -42,8 +42,8 @@ * SingleTokenConverterBeacon: [`0xD2410D8B581D37c5B474CD9Ee0C15F02138AC028`](https://testnet.bscscan.com/address/0xD2410D8B581D37c5B474CD9Ee0C15F02138AC028) * USDTPrimeConverter: [`0xf1FA230D25fC5D6CAfe87C5A6F9e1B17Bc6F194E`](https://testnet.bscscan.com/address/0xf1FA230D25fC5D6CAfe87C5A6F9e1B17Bc6F194E) * USDCPrimeConverter: [`0x2ecEdE6989d8646c992344fF6C97c72a3f811A13`](https://testnet.bscscan.com/address/0x2ecEdE6989d8646c992344fF6C97c72a3f811A13) -* BTCBPrimeConverter: [`0x989A1993C023a45DA141928921C0dE8fD123b7d1`](https://testnet.bscscan.com/address/0x989A1993C023a45DA141928921C0dE8fD123b7d1) -* ETHPrimeConverter: [`0xf358650A007aa12ecC8dac08CF8929Be7f72A4D9`](https://testnet.bscscan.com/address/0xf358650A007aa12ecC8dac08CF8929Be7f72A4D9) +* WBNBPrimeConverter: [`0xad721D647C83B05DCdce996E99034cd3A8a7e8Fa`](https://testnet.bscscan.com/address/0xad721D647C83B05DCdce996E99034cd3A8a7e8Fa) +* FDUSDPrimeConverter: [`0x8F2925af604D2CA33a1cBE0E92d191cA03Ec3dDB`](https://testnet.bscscan.com/address/0x8F2925af604D2CA33a1cBE0E92d191cA03Ec3dDB) * XVSVaultConverter: [`0x258f49254C758a0E37DAb148ADDAEA851F4b02a2`](https://testnet.bscscan.com/address/0x258f49254C758a0E37DAb148ADDAEA851F4b02a2) * WBNBBurnConverter: [`0x42DBA48e7cCeB030eC73AaAe29d4A3F0cD4facba`](https://testnet.bscscan.com/address/0x42DBA48e7cCeB030eC73AaAe29d4A3F0cD4facba) * ConverterNetwork: [`0xC8f2B705d5A2474B390f735A5aFb570e1ce0b2cf`](https://testnet.bscscan.com/address/0xC8f2B705d5A2474B390f735A5aFb570e1ce0b2cf) diff --git a/technical-reference/reference-technical-articles/prime.md b/technical-reference/reference-technical-articles/prime.md index 2ff14c65..3edf38fb 100644 --- a/technical-reference/reference-technical-articles/prime.md +++ b/technical-reference/reference-technical-articles/prime.md @@ -1,7 +1,7 @@ # Venus Prime {% hint style="info" %} -Only available on BNB chain +Only available on BNB and Ethereum chain {% endhint %} ## Overview @@ -92,25 +92,25 @@ Every market in Venus (including Isolated Lending markets) contributes to the re
Flow of funds related to Prime
-Rewards will be distributed to Prime users only in USDT, USDC, BTC and ETH tokens. Other tokens will have to be converted to the tokens used for rewarding users in Prime. This conversion should follow a configurable (via VIP) distribution table, that initially will be: +Rewards will be distributed to Prime users only in USDT, USDC, WBNB and FDUSD tokens. Other tokens will have to be converted to the tokens used for rewarding users in Prime. This conversion should follow a configurable (via VIP) distribution table, that initially will be: | Prime market | Distribution | | --- | --- | | USDT | 40% | | USDC | 30% | -| ETH | 25% | -| BTC | 5% | +| WBNB | 25% | +| FDUSD | 5% | For example: - The CAKE market generates 1,000 CAKE of total income - 10% of the CAKE total income should be allocated to Prime → 100 CAKE (following the protocol tokenomics) -- We should convert 100 CAKE to USDC, USDT, BTC and ETH, because in Prime the rewards are defined in these tokens +- We should convert 100 CAKE to USDC, USDT, WBNB and FDUSD, because in Prime the rewards are defined in these tokens - The conversion should follow the previous table: - 40 CAKE should be converted to USDT - 30 CAKE should be converted to USDC - - 25 CAKE should be converted to ETH - - 5 CAKE should be converted to BTC + - 25 CAKE should be converted to WBNB + - 5 CAKE should be converted to FDUSD Interest reserves (part of the protocol income) from Isolated Pools and the Core Pool markets are sent to the PSR ([Protocol Share Reserve](https://github.com/VenusProtocol/protocol-reserve/blob/main/contracts/ProtocolReserve/ProtocolShareReserve.sol)) contract. Based on the configuration, a percentage of income from all markers is reserved for Prime token holders. The interest reserves will be sent to the PSR periodically (currently every 24 hours, but this can be changed by the community via [VIP](https://app.venus.io/governance)). diff --git a/technical-reference/reference-technical-articles/token-converters.md b/technical-reference/reference-technical-articles/token-converters.md index 8ebfaee7..14464cde 100644 --- a/technical-reference/reference-technical-articles/token-converters.md +++ b/technical-reference/reference-technical-articles/token-converters.md @@ -22,8 +22,8 @@ The **Venus Protocol** generates income in various underlying tokens from intere | XVSVaultConverter | XVS | 20% | 20% | | USDTPrimeConverter | USDT | 11% | 0% | | USDCPrimeConverter | USDC | 6% | 0% | -| BTCBPrimeConverter | BTCB | 1% | 0% | -| ETHPrimeConverter | ETH | 2% | 0% | +| WBNBPrimeConverter | WBNB | 1% | 0% | +| FDUSDPrimeConverter | FDUSD | 2% | 0% | | WBNBBurnConverter | WBNB | 25% | 25% | ### Ethereum Chain From 0e003f26d7e2357e6ebf5745f0f6b8b6a6486b6b Mon Sep 17 00:00:00 2001 From: web3rover Date: Thu, 19 Jun 2025 22:13:58 +0530 Subject: [PATCH 2/2] fix: specify bnb chain --- technical-reference/reference-technical-articles/prime.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/technical-reference/reference-technical-articles/prime.md b/technical-reference/reference-technical-articles/prime.md index 3edf38fb..e9ae0a01 100644 --- a/technical-reference/reference-technical-articles/prime.md +++ b/technical-reference/reference-technical-articles/prime.md @@ -92,7 +92,7 @@ Every market in Venus (including Isolated Lending markets) contributes to the re
Flow of funds related to Prime
-Rewards will be distributed to Prime users only in USDT, USDC, WBNB and FDUSD tokens. Other tokens will have to be converted to the tokens used for rewarding users in Prime. This conversion should follow a configurable (via VIP) distribution table, that initially will be: +Rewards will be distributed to Prime users only in configured list of tokens. For example, in BNB chain rewards will be distirbuted in USDT, USDC, WBNB and FDUSD tokens. Other tokens will have to be converted to the tokens used for rewarding users in Prime. This conversion should follow a configurable (via VIP) distribution. In BNB chain initially will be the below: | Prime market | Distribution | | --- | --- |