Venus Protocol community releases proposal to "Adjust November Prime reward distribution plan"

Foresight News reports that the decentralized lending protocol Venus Protocol community has released a proposal to “Adjust the November Prime Reward Distribution Plan.” The proposal states that Venus generated reserve income of $588,500 in October. Of this, $117,700 (20%) will be allocated to Prime and distributed as rewards in November. The proposed distribution strategy is to allocate $110,000 in Prime rewards, with a small buffer reserved to handle price fluctuations and prevent depletion of funds. Rewards will continue to be limited to the stablecoin markets (USDT and USDC), with adjusted distribution speeds so that each market receives $55,000 in rewards this month. Rewards will only be given to liquidity providers. In the future, the reward distribution ratio will be adjusted from 50/50 to 75% USDT and 25% USDC.