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title: "VIP-596 [BNB Chain] Listing of XAUm in Venus Core",
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description: `This VIP seeks to list XAUm, Matrixdock's tokenized gold asset, in the Venus Core Pool on BNB Chain as a non-borrowable collateral asset.
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description: `## Description
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This VIP seeks to list XAUm, Matrixdock's tokenized gold asset, in the Venus Core Pool on BNB Chain as a non-borrowable collateral asset.
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XAUm represents one troy ounce of fully allocated LBMA-accredited physical gold, enabling users to borrow against gold-backed collateral while maintaining exposure to the underlying asset.
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XAUm has grown to over $80M in assets under management and is deployed across multiple chains. On BNB Chain, liquidity is currently concentrated on PancakeSwap, with plans to deepen liquidity over time.`,
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XAUm has grown to over $80M in assets under management and is deployed across multiple chains. On BNB Chain, liquidity is currently concentrated on PancakeSwap, with plans to deepen liquidity over time.
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## Specification
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If approved, XAUm will be listed in the Venus Core Pool with the following initial parameters:
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- Asset: XAUm (Matrixdock Gold)
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- Chain: BNB Chain
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- Pool: Core Pool
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- Collateral Factor: 65%
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- Liquidation Bonus: 10%
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- Supply Cap: 200 XAUm (~$1M)
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- Borrow Cap: Not enabled
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- Borrowable: No
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- Reserve Factor: 20%
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Interest Rate Model:
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- Base Rate: 0%
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- Multiplier: 2%
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- Jump Multiplier: 4%
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- Kink: 80%
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Oracle:
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- Chainlink integration via Resilient Oracle
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## Summary
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If approved, this VIP will:
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- List XAUm as a non-borrowable collateral asset in the Venus Core Pool
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- Integrate Chainlink Oracle via Resilient Oracle`,
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forDescription: "I agree that Venus Protocol should proceed with this proposal",
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againstDescription: "I do not think that Venus Protocol should proceed with this proposal",
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abstainDescription: "I am indifferent to whether Venus Protocol proceeds or not",
title: "VIP-596 [BNB Chain] Listing of XAUm in Venus Core",
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description: `This VIP seeks to list XAUm, Matrixdock's tokenized gold asset, in the Venus Core Pool on BNB Chain as a non-borrowable collateral asset.
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description: `## Description
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This VIP seeks to list XAUm, Matrixdock's tokenized gold asset, in the Venus Core Pool on BNB Chain as a non-borrowable collateral asset.
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XAUm represents one troy ounce of fully allocated LBMA-accredited physical gold, enabling users to borrow against gold-backed collateral while maintaining exposure to the underlying asset.
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XAUm has grown to over $80M in assets under management and is deployed across multiple chains. On BNB Chain, liquidity is currently concentrated on PancakeSwap, with plans to deepen liquidity over time.`,
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XAUm has grown to over $80M in assets under management and is deployed across multiple chains. On BNB Chain, liquidity is currently concentrated on PancakeSwap, with plans to deepen liquidity over time.
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## Specification
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If approved, XAUm will be listed in the Venus Core Pool with the following initial parameters:
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- Asset: XAUm (Matrixdock Gold)
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- Chain: BNB Chain
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- Pool: Core Pool
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- Collateral Factor: 65%
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- Liquidation Bonus: 10%
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- Supply Cap: 200 XAUm (~$1M)
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- Borrow Cap: Not enabled
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- Borrowable: No
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- Reserve Factor: 20%
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Interest Rate Model:
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- Base Rate: 0%
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- Multiplier: 2%
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- Jump Multiplier: 4%
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- Kink: 80%
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Oracle:
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- Chainlink integration via Resilient Oracle
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## Summary
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If approved, this VIP will:
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- List XAUm as a non-borrowable collateral asset in the Venus Core Pool
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- Integrate Chainlink Oracle via Resilient Oracle`,
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forDescription: "I agree that Venus Protocol should proceed with this proposal",
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againstDescription: "I do not think that Venus Protocol should proceed with this proposal",
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abstainDescription: "I am indifferent to whether Venus Protocol proceeds or not",
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