Vires.Finance Announcements

25 Nov 2022 14:59

🟢Vested USDN can now be exported into tokenized form: 1 Vested USDN can be 1:1 converted to a free-circulating token VVUSDNLP(id: 8KEtor9aSsSj38MknyAE7k1uRThHY9prAXgiE4D7WpyL ).

⚠️The import and redeem mechanics is not available yet and will require a certain minimal amount (no less than 100K VVUSDNLP).

Vires.Finance Announcements

04 Nov 2022 13:23

🟢Adaptive vesting is here!
We know you've been waiting for it, finally a decentralized system to vest USDN is now live. You can already claim up to your daily limit.
Here's how it works: ▶️ viresfinance/usdn-adaptive-vesting-how-it-works-5f63e5a3e700" rel="nofollow">https://medium.com/@viresfinance/usdn-adaptive-vesting-how-it-works-5f63e5a3e700

Vires.Finance Announcements

15 Oct 2022 19:49

New proposal: (VIP-030) Start new USDT and USDC markets, Stake all vested USDN

Voting starts in 24 hrs: https://vires.finance/governance/vote/64kiDiyEtJNGtidU11AjEa5KNSYvsR2ARQcugVBzFgVe

Vires.Finance Announcements

12 Sep 2022 20:21

Vires Finance Plan — Discussion Piece
viresfinance/vires-finance-plan-discussion-piece-dcc4ad2254d9">Blog post | Forum thread

Read the blogpost and join the discussion on the Vires Strategic Plan going forward!

Vires.Finance Announcements

05 Sep 2022 19:11

🟢The VIP-028, focused on Repayment in USDN Option for Depositors successfully passed! The option is now accessible through the vires.finance web interface.

Thank you to the community for your continued support. Next, we'll be publishing more detailed roadmap for discussion with community. The top priority would be providing comprehesive solution for the still locked liquidity, as well as addressing LP tokens and accounts with outstanding borrows.

Vires.Finance Announcements

31 Aug 2022 18:18

🟢 We hear you, as always, your passion about the project is amazing! Join us tomorrow for AMA with Sasha Ivanov - Thursday 1st of September - 12pm UTC!

Vires.Finance Announcements

05 Aug 2022 15:09

🟢 USDN Vesting is now live and gVires Rewards Distribution has begun!

💎Lenders - All accounts over $250k can now choose USDN +5% and start their vesting period.

🎁 gVires holders - You'll be receiving up to 180% APY through the revenue system for the next 2 months (enjoy 💰💰💰) No action needed, it's crypto helicopter money 🚁💸

Vires.Finance Announcements

28 Jul 2022 18:46

⏰ Scheduled Maintenance Announcement

❗️ Attention users! VIP-26 Optional vested conversion to USDN for > 250k proposal voting has passed! 🟢

To make sure the changes take place correctly, the system maintenance is scheduled for tomorrow, Jul 29, 2022, 06:30 am UTC. During the maintenance period, most operations(deposits, borrows, etc) will not be abailable. The expected maintenance period is 3-4 hours. Consider securing your position in terms of your account health before the start of the maintenance period.

Vires.Finance Announcements

25 Jul 2022 18:26

New proposal: (VIP - 24.3) Optional vested conversion to USDN for > 250k

Voting starts in 24 hrs: https://vires.finance/governance/vote/5c5raFMitbqA9jkaCbiQKdNwa1uBNB15DYjvyRsFZyT5

Vires.Finance Announcements

14 Jul 2022 21:19

New proposal: Migrate all USDT and USDC > 1M to separate markets

Voting starts in 24 hrs: https://vires.finance/governance/vote/79bHxcWzkVRrshpRGw4t9bspmei1dmciDUKWvVYjjdZb

Vires.Finance Announcements

08 Jul 2022 14:12

VIP-023: Add BUSD and DAI as the new markets at Vires.Finance:
Voting starts in 24 hours: https://vires.finance/governance/vote/9QsC1TZtUfo6WssYuKusQQBGL464xkwK8wkkjs2unyve

Vires.Finance Announcements

25 May 2022 17:33

Boost your VIRES rewards by locking liquidity for 3/6/12 months! Make sure to read viresfinance/liquidity-lock-to-boost-vires-rewards-b093088a9036">the new blog post on how it works in details.

Vires.Finance Announcements

04 May 2022 22:16

🟢 New DAO proposal: Adaptive Borrow and Withdraw Limits for the Lending Markets of Vires.Finance:

Discussion:
https://forum.vires.finance/t/adaptive-borrow-and-withdraw-limits-for-the-lending-markets-of-vires-finance/655

Voting:
https://vires.finance/governance/vote/ADdptSo35TcVpqBZqcwHTaRmd5LHXMzPa6pWELJsfmDM

Vires.Finance Announcements

11 Apr 2022 12:52

⚠️ Hello! We have detected an increased bot 🤖 activity, looping LP tokens through waves.exchange and redeeming through the contract, effectively consuming all incoming deposit streams. This activity, usually a healthy arbitrage, is currently destructive as it feeds off and empowers the vicious cycle:
- there's no free liquidity
- users can’t withdraw
- users sell LPs to exit the position
- fresh liquidity comes in
- 🤖bots buy cheap LPs, redeem via the fresh liquidity immediately, making ~15%
- there's no free liquidity
- ...

The new liquidity does come in, ranging few hundreds of thousands to few millions every day, but is immediately arbitraged not helping the system to restore. To mitigate this, importing and redeeming USDT and USDC LP tokens have been temporarily paused. This is a temporary measure in order to prevent arbitrage at the expense of the users/system stability.

Vires.Finance Announcements

03 Apr 2022 16:48

🚨 DAO PROPOSAL ALERT 🚨
“Set WAVES/USDN/EURN Liquidation Threshold to 1, Max Borrow APR for all assets to 400”:

Proposal: https://vires.finance/governance/vote/HuYgPQV5s5L8KoWnTAUZ43YjuBJ28nUsypnv9s6LdExF

Discussion: https://forum.vires.finance/t/set-waves-usdn-eurn-liquidation-threshold-to-1-max-borrow-apr-for-all-assets-to-400/128

Vires.Finance Announcements

15 Nov 2022 14:27

New proposal: (VIP-031) Restrict Alameda's address activity within Vires Protocol

Voting starts in 24 hrs: https://vires.finance/governance/vote/GT6WmGtjb9ts7SeeQvemqnLv7qbcQEmG8WptMcqXc6ds

Vires.Finance Announcements

27 Oct 2022 09:40

🟢Following VIP-30, Vested USDN is skaked and currently earns 7.5% APY. The rewards are accounted several times a day and can be claimed right through vires.finance interface!

Vires.Finance Announcements

30 Sep 2022 14:31

🟢$SURF withdrawals for Vested USDN are now live!

Any user with vested USDN can now choose to exchange the converted part into $SURF immediately.
Find out more here: viresfinance/vested-usdn-withdraw-now-using-surf-token-c7ad1b49697e" rel="nofollow">https://medium.com/@viresfinance/vested-usdn-withdraw-now-using-surf-token-c7ad1b49697e

Vires.Finance Announcements

09 Sep 2022 16:50

New proposal: (VIP-029) Unlock USDC and USDT LP Tokens

Voting starts in 24 hrs: https://vires.finance/governance/vote/CPz1MQrCadKgLRKp352AN9q4TZzsLLtqfpY2fnAGv3a6

Vires.Finance Announcements

02 Sep 2022 15:05

New proposal: (VIP-028) Reduce max interest and add repayment in USDN option for all depositors of USDT and USDC

Voting starts in 24 hrs: https://vires.finance/governance/vote/C6jQsnCDpgxXAdroSnhheqeq5ersGrqxyrwEqwJCD4Rj

Vires.Finance Announcements

31 Aug 2022 15:43

Vires Full Reset: Pre-voting discussion
viresfinance/community-discussion-vires-full-reset-1f0f4202f044">Blog post | Forum thread

Read the blogpost and join the discussion on the new the proposal aimed to offer a solution for all lenders!

Vires.Finance Announcements

29 Jul 2022 19:03

VIP-26 complete!

Most operations(deposit, withdraw, claim revenue, etc) are available.

Some actions like borrows and operations with LP tokens(import, export, redeem) for USDT and USDC and withdrawal of / conversion of legacy deposits to USDN will be resumed later.

The Vires APY stakers program will be implemented starting next week and will run for 2 months(60 days).

Vires.Finance Announcements

26 Jul 2022 18:30

❗️Voting started for: (VIP - 24.3) Optional vested conversion to USDN for > 250k
https://vires.finance/governance/vote/5c5raFMitbqA9jkaCbiQKdNwa1uBNB15DYjvyRsFZyT5

Vires.Finance Announcements

21 Jul 2022 19:43

VIP 24.2: Markets Reset: Pre-voting discussion
viresfinance/vip-24-2-markets-reset-b82642a2079f">Blog post | Forum thread

Read the blogpost and join the discussion on the updated version of the proposal aimed to leave the liquidity crunch behind!

Vires.Finance Announcements

11 Jul 2022 15:54

$DAI and $BUSD markets now live on vires.finance!

Vires.Finance Announcements

31 May 2022 16:03

Followed by the latest voting on the governance proposal, overextended whale accounts have been assumed by
@ sasha35625 !
- initial announcement: https://twitter.com/sasha35625/status/1529076417731997699
- blockchain address: 3P84evXSWMchYMa6hkLLRmQ4usHf4cNsjNp🟢

Vires.Finance Announcements

06 May 2022 16:34

🟢Attention, Liquidators!
As Vires smart contracts system continue to grow, the liquidation-related activities have been moved to a separate address: 3PJ6iR5X1PT2rZcNmbqByKuh7k8mtj5wVGw. You can always find this address in the Deployed Contracts section of Documentation. The Liquidators Guide section has also been updated.

Vires.Finance Announcements

27 Apr 2022 16:05

As the withdrawal limits have come into (positive) effect, we can now discuss the bigger picture and the next steps: 👉 https://forum.vires.finance/t/the-liquidity-squeeze-plans-and-roadmap/611

Vires.Finance Announcements

07 Apr 2022 18:40

Hello everyone! Once again we entered a “Liquidity Squeeze” scenario. We also received tons of questions regarding liquidations, rewards and team plans to mitigate the crisis. Read the statement and join the discussion!

Vires.Finance Announcements

01 Apr 2022 18:39

Vires DAO Voting goes live! Read the article, learn the mechanics, get ready for voting!
https://medium.com/vires-finance/hello-dao-a6c04f509ca