VUSD

Virtual USD $VUSD is a U.S. dollar based stablecoin backed by onchain and 24/7 verifiable reserves. #VUSD

[VUSD @VUSD]

The VUSD smart contract is now paused and will remain paused indefinitely. Almost 100% of VUSD units were redeemed at a 1:1 ratio, with exclusions being unclaimed airdrops, blacklisted funds, & among others. Further queries can be directed to [email protected] until 31/12/24.

[VUSD @VUSD]

VUSD Project Update.

See below:

https://t.co/t7huWvqtuA

[VUSD @VUSD]

VUSD continues onboarding new institutions and will process redemptions 1:1 as outlined in our terms and white paper. Institutions can email [email protected] for streamlined support. No changes have been made to VUSD's services or representations since inception.

Thank you.

[VUSD @VUSD]

VUSD Project Announcement:

https://t.co/Q8tkBmSLRA

[VUSD @VUSD]

VUSD will be converting collateral to yield earning USDC in order to ensure and streamline 1:1 redemptions for our approved institutional clients.

[VUSD @VUSD]

VUSD has blacklisted 3,299,656 $VUSD which will be removed from the total supply of VUSD which is now: 9,625,725. Onchain burns of the corresponding black list will occur at a later date on a function upgrade. Onchain reserves will be redeemed respectively.

[VUSD @VUSD]

$VUSD will be processing redemption requests recently received. There will be #VUSD burns & collateral redemption transfers. These are authorised transfers & will correlate to VUSD burns & institutional collateral transfers within 24 hours. VUSD will remain over-collateralized.

[VUSD @VUSD]

VUSD does not have a Telegram group or Discord for security purposes. Please be aware of scammers attempting to mislead. The only official VUSD communication is through our contact form at https://t.co/yS2IAxmELg or email via the pinned message on https://t.co/Fu39UHlvkz

[VUSD @VUSD]

Proof of Reserves:

https://t.co/2QRZIargwr

[VUSD @VUSD]

In order to verify reserves of VUSD, a cold wallet transaction of 0.092024 will be sent to SELF which represents the current month and year in approximately 5-10 minutes.

[VUSD @VUSD]

The Virtual USD $VUSD post mortem is now available. $VUSD remains unaffected by the recent incident with @OnyxDAO and is fully backed by reserves onchain. For more details see below:

https://t.co/dUkvI460lI

[VUSD @VUSD]

The VUSD team will have a post mortem for the unauthorised activity that occurred on the Onyx Protocol.

[VUSD @VUSD]

$VUSD is an over-reserve backed stablecoin with all reserves visible onchain at https://t.co/wibVktdtm3 but with the compliance of a centralised stablecoin.

[Onyx @Onyx]

📢 OIP-45: Enable VUSD Rewards

🗳️ This OIP proposes to enable $VUSD suppliers and borrowers to earn $XCN liquidity rewards as previously approved.

ℹ️ More details & to vote see below:

https://t.co/zCQnl6nk7T

[Onyx @Onyx]

There's still just over one hour to go before voting ends on OIP-44: Activate VUSD Lending & Rewards, participate in the future of Onyx Protocol and cast your vote below 👇🗳️
https://t.co/RerkiL70UZ

[Onyx @Onyx]

OIP-43 to Increase the $XCN staking rate to ~30% APR, Add the Chainlink Price Oracle for VUSD-USDC and add Collateral Factor has now been executed.

View the full OIP below 👇

https://t.co/0ROpKYtr73

[Onyx @Onyx]

OIP-42: Add VUSD Market 2/2 is now live with just over 1 day remaining. You can vote on the OIP below 👇🗳️

https://t.co/Ek7z2sLGQI

[Onyx @Onyx]

OIP-41 for adding VUSD markets to Onyx Protocol was passed with 100% for and 0 against.

The OIP is now ready to queue. 👇

https://t.co/fPm0iSpGdg

[Onyx @Onyx]

📢 OIP-41: Add VUSD Markets

🗳️ This OIP proposes to support and add VUSD markets on the Onyx Protocol’s money markets.

ℹ️ More details & to vote see below:

https://t.co/fPm0iSqe2O

[VUSD @VUSD]

We're pleased to announce that $VUSD is now also listed on @CoinMarketCap 👇

https://t.co/QOshxsYNlD