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VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189

VIP-189 Automatic income allocation: deployment stage 1 Summary If passed, this VIP will change the admin of the VBNB market in the Core pool, from the Normal Timelock contract to the new contract VBNBAdmin. Moreover, it will upgrade the implementation of the RiskFund contract, to support funds from the Core pool. Description This VIP is part of the proposal Automatic Income Allocation & Token Converter, published in the Venus community forum. At this time, it only affects the reserves generated by the VBNB market in the Core pool as the BNB contract is not upgradable and need to be dealt with separately. The new VBNBAdmin will be authorized to reduce the reserves of the VBNB market, and send them to the new ProtocolShareReserve contract, where distribution rules are configured following the protocol tokenomics: - 40% to the RiskFund contract - 40% to the Venus Treasury contract - 10% to the Venus Prime Program. This 10% will be sent temporarily to the Venus Treasury, until the Venus Prime contract is ready. - 10% for the XVS Vault rewards. This 10% will be sent temporarily to the Venus Treasury, until the Token Converter contracts are ready. With this change, BNB reserve transfers will be performed in a permissionless fashion. Moreover, VBNBAdmin wraps the BNB reserves into WBNB, so the downstream contracts do not have to deal with native tokens anymore, simplifying the logic. There will be a second stage for the Automatic Income Allocation, proposed in the following days, where the markets of the Core pool and the markets of the Isolated pools will start using this new ProtocolShareReserve contract. The owner of the VBNBAdmin contract is the Normal Timelock. The owner of the new ProtocolShareReserve contract is also the Normal Timelock. Security and additional considerations in the VIP description Vote and Details 👉🏻 https://app.venus.io/#/governance/proposal/189