FeedProjects
Developers
Settings
🎉 A new chapter begins: Boardroom has joined Agora
Learn more
protocol logo
Explore / Projects
Moonwell

Insights

Proposals

Discussions

Members

Information

Reports

Meetings

Create Proposal

Moonwell

InsightsProposalsDiscussionsMembersInformationReportsMeetings
Back to Discussions
Discourse
Read-Only

Add VVV market to Moonwell on Base

Posted by
10 February 2025 09:30 · 1 edits

Hi Moonwell community,

We are pleased to propose adding Venice.ai’s VVV token to Moonwell. As a native Base asset, VVV powers private and uncensored access to open-source artificial intelligence, with VVV stakers (users, developers, agents) receiving ongoing access to Venice’s inference capacity in proportion to their stake, while earning emissions-based yield.

Overview

Venice offers an alternative to mainstream AI platforms by providing private, uncensored access to powerful open-source models. Unlike centralized platforms that collect,monitor, and monetize user data, Venice processes all requests locally in users’ browsers. The VVV token enables users and agents to obtain persistent AI inference through the Venice API without per-request fees, reducing costs and friction for AI text, image, and code generation at scale.

Key benefits for stakers:

  • Proportional access to Venice’s growing inference capacity
  • Zero-cost API usage based on stake size
  • Emissions-based staking yield
  • No data collection or monitoring

Since launch we’ve seen a surge in increased uptake in demand for the Venice API via VVV staking, measured in Venice Compute Units (VCU). VCU measures a staker’s daily share in Venice’s total inference capacity, and can be used to access powerful models such as DeepSeek R1 671B and Llama 3.3 70B via the Venice API.

1600Ă—757 45.5 KB

General Information

Token Asset Name

Venice Token (VVV)

Description

VVV is Venice’s utility token launched January 27, 2025. VVV underpins Venice’s privacy-first AI API infrastructure, providing stakers with ongoing access to inference capacity proportional to their stake. Stakers also earn emissions-based yield.

Benefits to Moonwell Community

First privacy-focused onchain AI infrastructure token

Venice brings unique value to Moonwell users through its strategic position in powering onchain, private AI infrastructure, through its VVV token.

Utility-backed value

The token’s value is tied to Venice’s API capacity and infrastructure usage by users and agents, creating a sustainable model where demand increases with AI sector growth.

Alignment with crypto values

Venice’s position in the exploding AI infrastructure sector, combined with its focus on privacy and permissionless access, aligns with Moonwell’s values.

Dedicated to Base

VVV launched natively on Base with the largest ever airdrop on the Base blockchain, and was featured in Base’s partner communications as a flagship Base protocol token. VVV achieved a rare and elusive Coinbase Day 1 listing.

Resources

  • Website: venice.ai
  • Documentation: docs.venice.ai
  • Github: github.com/veniceai
  • Discord: discord.gg/askvenice
  • Twitter: x.com/AskVenice

Market Risk Assessment

Market Metrics

  • Market cap (at time of posting): $148.1M
  • Total supply: 100.5 million VVV
  • Annual emission: 14% in year 1 and decreasing after
  • Distribution:
    • 50M VVV (50%) - Airdrop to Venice users & AI community
    • 35M VVV (35%) - Venice.ai company
    • 10M VVV (10%) - Team (25% upfront, 75% vesting over 24 months)
    • 5M VVV (5%) - Liquidity deployment

Liquidity

  • Exchanges: Aerodrome, Uniswap, Coinbase, Kucoin, Gate.io,
  • Aerodrome DEX Liquidity Data:
    • Total liquidity: $10.2M
    • -2% Depth: $206,090
    • A24h Trading Volume: $11.3M
    • 30D Total Volume: $339M (extrapolated)

Social Metrics

  • Twitter: 45K
  • Discord: 3,426

Decentralization

Token Contract

  • Address: 0xacfE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf
  • Standard: ERC20
  • Age: Deployed January 27, 2025

Privileged Roles

  • The token contract is non-upgradeable
  • Staking contract has mint function as part of staking emissions curve

Pause/Blacklist

  • Staking rewards can be paused

Distribution Analysis

  • Top 10 Token Holders: Basescan holders list
  • Gini Coefficient: .996
  • Herfindahl Index: .134

Codebase & Onchain Activity

  • Github Repository: github.com/veniceai
  • Contract Verification: Contract verified on Basescan
  • Transaction Count: 1,379,534
  • Contract Age: 9 days since deployment

Security

  • Auditor: Trust Security
  • Audit Reports: https://www.trust-security.xyz/venice-ai-audit
  • Bug Bounty: Yes
  • Emergency Contacts: mail@venice.ai

Oracle Assessment

Price Feeds

  • Chainlink oracle in development for VVV-USD on Base
  • Standard deviation and heartbeat parameters
  • Native token (not wrapped/synthetic)
  • No underlying price correlation concerns

Conclusion

The combination of Venice’s privacy-first AI infrastructure, uncensored AI access, and Moonwell’s robust lending infrastructure creates new opportunities for users to participate in the growing onchain AI economy. We look forward to community discussion and Gauntlet’s risk analysis to ensure a successful integration that benefits both protocols.

Voting

Yay: Add VVV market to Moonwell Base

Nay: Do not add VVV market

The Venice team is available to provide any additional information or clarification needed. We welcome community discussion and feedback to ensure this proposal aligns with Moonwell’s commitment to security and decentralized finance.

3
7
525
6
13
Replies
Posted bylewisbroadhurst.base.eth
11 February 2025 06:45

send it to snapshot :rocket:

1
Posted by
15 February 2025 04:10

Just throwing some questions out there to help the decision process. Be good to see some replies.

General:

  1. How does VVV fit into Moonwell’s mission and vision?

  2. What benefits and risks does VVV bring to Moonwell users?

Technical/Security:

  1. What are the security measures for VVV’s smart contract?

  2. How will Moonwell ensure platform security post-integration?

Market/Economic:

  1. How will VVV’s emission rate impact its value and Moonwell’s ecosystem?

  2. What’s the strategy for managing VVV’s price volatility?

Community/User Engagement:

  1. How will VVV change user demographics or behavior?

  2. What education will users receive about VVV?

Regulatory/Ethical:

  1. What regulatory considerations arise with VVV?

  2. How does VVV’s privacy focus align with data privacy laws?

Strategic/Future Planning:

  1. How does this position Moonwell competitively?

  2. What’s next if VVV integration succeeds?

Exit Strategy:

  1. What’s the plan if VVV integration fails or faces issues?
2
Posted bydjangobits
16 February 2025 11:00 · 1 edits

I don’t see the point in adding more and more experimental and random single project tokens. Stuff like VVV comes and goes, maybe they are lucky and do everything right, maybe they fail. It can still be added when it becomes big.

Honestly, I only see increased risk and very limited rewards for Moonwell and it’s users in adding such tokens. That is in general for markets with single project tokens.

There are many scenarios where things can go wrong. And AI is a super competitive field. Projects like Venice can go out in a few weeks their tokens worthless overnight. Insiders will empty the pool to short and suppliers will be wrecked fast. Dangerous IMHO.

Additionally it clutters the market interface and might potentially increase difficulties on governance (how many markets can be updated in a single MIP?)

Rather than adding new low volume markets we should get rid of ineffective ones.

5
see more
Feb 2025
Mar 2025
DocumentationBrandingContact Us