Venus Protocol releases V4 whitepaper, focusing on improving risk management, decentralization, and user experience.
2023-07-15 06:27
Odaily News: BNB Chain lending protocol Venus Protocol has released the Venus V4 Whitepaper, focusing on improving risk management, decentralization, and user experience.
In terms of risk management, Venus V4 introduces Isolated Pools to safely introduce long-tail assets. Isolated Pools address the limitations of using a single liquidity pool to build the protocol. They consist of a collection of assets with customized risk management configurations, providing greater diversity for risk management and lending. Isolated Pools can isolate potential failures, preventing them from spreading to unrelated markets and affecting the overall risk status of the protocol. Additionally, Isolated Pool rewards can be customized for each asset, providing tailored liquidity incentives for users.
The Isolated Pool system is based on the PoolRegistry contract, which maintains an independent directory of lending pools. It allows the creation and registration of new pools, the addition of new markets to existing pools, the updating of pool metadata, and provides getter methods to retrieve detailed information about the pools. To create a new lending pool, the PoolRegistry deploys a pool proxy and sets the Comptroller implementation address to that proxy. Once the Comptroller is set, the pool is added to the pool directory.
To add a new market to any existing lending pool, the PoolRegistry deploys the JumpRateModelV2 or q contract as the interest rate model using the relevant factory. Then, an upgradeable VToken is deployed for the market before obtaining support from the Comptroller.
(Note: This translation might be further improved by a professional translator.)
In terms of risk management, Venus V4 introduces Isolated Pools to safely introduce long-tail assets. Isolated Pools address the limitations of using a single liquidity pool to build the protocol. They consist of a collection of assets with customized risk management configurations, providing greater diversity for risk management and lending. Isolated Pools can isolate potential failures, preventing them from spreading to unrelated markets and affecting the overall risk status of the protocol. Additionally, Isolated Pool rewards can be customized for each asset, providing tailored liquidity incentives for users.
The Isolated Pool system is based on the PoolRegistry contract, which maintains an independent directory of lending pools. It allows the creation and registration of new pools, the addition of new markets to existing pools, the updating of pool metadata, and provides getter methods to retrieve detailed information about the pools. To create a new lending pool, the PoolRegistry deploys a pool proxy and sets the Comptroller implementation address to that proxy. Once the Comptroller is set, the pool is added to the pool directory.
To add a new market to any existing lending pool, the PoolRegistry deploys the JumpRateModelV2 or q contract as the interest rate model using the relevant factory. Then, an upgradeable VToken is deployed for the market before obtaining support from the Comptroller.
(Note: This translation might be further improved by a professional translator.)
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