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Summary of Venus Reward Token
- Venus Reward Token (VRT) is a mechanism to reduce XVS inflation rate and burn XVS over time.
- Goal: make total XVS supply lower for more secure Governance.
- VRT total supply: 30 billion.
- Distribution: 4 years.
- XVS distribution to double in around 8 years.
- Subject to Governance changes and on-chain proposals.
Introducing Venus Reward Token: Empowering a New Era of Decentralized Finance
Venus Reward Token is a mechanism designed to provide an additional mining distribution to suppliers and borrowers of Venus Protocol. The ultimate objective is to gradually reduce the XVS inflation rate, accompanied by a burning mechanism throughout this process. As XVS is the Governance token that oversees the entire protocol, our primary goal is to decrease the total supply over time, thereby enhancing Governance security. In lieu of this, we acknowledge that a lucrative APY yield generated by the protocol is crucial. VRT will boast a total supply of 30 billion, to be distributed to users over a four-year period, while we plan to double the XVS distribution timeframe to approximately eight years, complementing the reductions. All of this is subject to Governance changes and on-chain proposals.