We have been listening to your concerns and have investigated the issues with claiming ROSE from the stability pool. We have made a very unfortunate discovery.

The reason users are unable to claim the ROSE that is owed to them is because there simply isn't enough ROSE available in the Stability Pool for them to withdraw. The smart contract currently only has about 4 ROSE available in it, but far more is owed out.

We are still unsure as to exactly why this is the case. If the protocol were functioning properly, there should be an appropriate amount of ROSE available to reimburse vUSD depositors after liquidations are performed. As such, we can only see 2 possible reasons for this.

1. The protocol has an error in the code, which we are still investigating.

2. There was a backdoor/exploit in the deployed contract code that someone who was aware of it was able to use to abuse.

Because we don't control the original contracts and don't know what code was actually deployed to the blockchain, we can't verify any of this.

We were not informed of this by the previous team, but we find it very unlikely they were not aware of this when they agreed to transfer management of this project to us.

We are currently planning a method to compensate all users who are the unfortunate victims of this situation. If you had vUSD deposited in the stability pool when liquidations happened and are owed ROSE as compensation, please verify in the document below that your wallet address is recorded and the amounts are correct.

https://docs.google.com/spreadsheets/d/e/2PACX-1vT_3PPkrayezKvuofwZ5Oo-JceRMSXwmixk7Cgrdt5WNRXzXHHSBaOm93tKDtBrWwrXyGnibTPTPBFr/pubhtml

If you have any questions, you can ask the team through the general chat here on telegram.

Google Docs

VineMoney - Stability Pool Rewards

The transfer of assets from the original team to the new one is complete! ?

Unfortunately, control of many of the original smart contracts was lost by the original team. So, those contracts are now immutable, meaning there is no way for us to upgrade them or shut them down. Additionally, we are unable to verify the original smart contracts on the block explorer.

Due to this unfortunate situation ?, we have decided to redeploy the entire VineMoney protocol. So, we heavily encourage all users of the current protocol to pay off their vUSD debts and close their vUSD positions. We also discourage anyone from taking out additional vUSD loans in the original legacy protocol.

There is no set timeframe for this, so your funds will be safe for the foreseeable future, but we will slowly discontinue support for the legacy protocol over time. We apologize for any inconvenience. This is done for the safety of all our users, and we wish there was a better way.

As such, the VINE Token will also need to be redeployed and redistributed to its rightful owners. We plan to stick to the existing vesting schedule and make minimal changes to the token distribution.

If anyone has questions regarding the new team or the redeployment/transition process, please don't hesitate to ask us ?

May you all have a good weekend.

Join us during the Oasis ecosystem call tomorrow to learn more about the future of VineMoney!

https://x.com/OasisProtocol/status/1805377734282994055

https://twitter.com/Vine_Money/status/1773035720866673032

X (formerly Twitter)

Vine Money (@Vine_Money) on X

Last day of voting to determine emissions allocations for next epoch ***🚨*** Locked $VINE holders can vote at: https://t.co/9F2yWjqVvT Look forward to announcing juicy new yields tomorrow ***🍷***

https://twitter.com/Vine_Money/status/1772676705200521576

https://twitter.com/Vine_Money/status/1772281891246277006

X (formerly Twitter)

Vine Money (@Vine_Money) on X

We're delighted to announce that Vine Money has now been integrated into DeFi Llama, where you can view TVL figures, see our CDP stablecoin ranking and more ***🚀*** Take a look here: https://t.co/sTIVF7dpC2 ***🍷***

VINE MONEY PROTOCOL UPDATE:

We wanted to provide a detailed post-launch update for the Vine community addressing a number of points recently raised, and their resolution:

Improved Decentralization and Security

Some members of the community had some justifiable concerns about some erroneous functions in the VineToken contract that risked centralization issues. We believe this was the cause of IllumineX temporarily removing VINE and vUSD as whitelisted assets on their DEX.

To rectify this, we took on extensive feedback from our advisors, IllumineX, Oasis, and Dedaub (our auditors) and delivered a satisfactory solution in a timely manner. This involves the deployment of a proxy contract that disables the functions in question.

This was delivered to the exact specifications requested by IllumineX, Oasis, and Dedaub and meets the highest standards of decentralization and security.

As we promised the proxy transfer of ownership was delivered today: https://explorer.sapphire.oasis.io/tx/0x0e88924ae2d544f2ef338007cbda02637c695bbe4aebdefa5ad1f4309dfef0d1

Further, we will transfer ownership to the DAO following a grace period to allow for the adjustment of any of other functions or features should their be any more feedback on that front.

To confirm, we have disabled the functions in question, and the audit report has been updated to reflect this: https://docs.google.com/document/d/1vr_NZ3pEVeJJKpnllHYil7YY8ReqmFf_hqcFgTffTo4/edit?usp=sharing

Clarification on Perceived Rewards Claiming "Bug"

There are no technical bugs around claiming and the protocol is functioning as it was designed to do. It's a slightly complex mechanism that we realize we should've taken time to explain more clearly on the UI.

To explain, the lock and boost function is associated with locked weight. The initial claimable reward assumes every user has reached the lock share (locked $VINE/total locked) to 2x their rewards.

However, according to the lock weight/boost multiplier rules, users can only claim the full 2x reward if their locked share (lock weight/total locks) is greater than or equal to the proportion of their claimable rewards out of the total rewards for the week.

If it's less, the rewards they can claim will proportionally decrease to 50% of the 2x reward. We do understand that the concept of locking weight and boosting is a bit confusing.

To simplify, we've changed the UI, now displaying the same amount in the rewards/claim section as the amount the user can actually claim so it is clear and transparent on the UI. Users can now clearly see their claimable rewards and needn’t worry about the underlying formula.

The system is designed this way to encourage sticky, long-term engagement in the protocol and give the highest rewards to those that demonstrate a longer term commitment to the growth of Vine.

To summarise the protocol functions as intended, no one has "lost" rewards, and we are making continuous UI upgrades to ensure a clear and efficient user experience.

Next Steps

To the best of our knowledge and based on community feedback we believe the primary centralization issues and any oustanding bugs have been fixed or clarified. We will continue to make improvements to the UI based on user feedback.

We have approached IllumineX and asked them to kindly whitelist VINE and vUSD on their DEX. We are submitting the necessary information for CG, CMC, DexScreener, and DeFiLlama.

Now our focus is on community building, marketing and business development to bring new users to Sapphire and Vine, and TVL and utility for both VINE and vUSD tokens.

We’ve now got over $360k in TVL, $160k vUSD in circulation, and $330k+ accumulated in our LP and Stability Pools, which provide a robust basis for the next stages of our growth.

We appreciate the patience and support from everyone in the Oasis Sapphire community, and two weeks in believe we have a solid base to focus on collaboration and growth of the Sapphire ecosystem.

explorer.sapphire.oasis.io

Transaction 0x0e88924ae2d544f2ef338007cbda02637c695bbe4aebdefa5ad1f4309dfef0d1 - Sapphire Mainnet Explorer

View transaction 0x0e88924ae2d544f2ef338007cbda02637c695bbe4aebdefa5ad1f4309dfef0d1 on Sapphire Mainnet

Dear Vine Money Community,

We’re disappointed to announce that IllumineX has chosen to delist $VINE and $vUSD from their exchange as officially recognised tokens.

Whilst it's unfortunate to be delisted from the primary DEX on Oasis Sapphire, VINE and vUSD may still be traded by copy and pasting the token contract addresses on IllumineX.

The contract addresses are as follows:

VINE Token Contract: 0xCC34EBcB6ecD87754380C811BdD8b6A35be40dd7

vUSD contract address: 0x9b439999b816eCc2B733f9889509157b7983B8C4

We have been endeavouring to work collaboratively with the Vine Community and the wider Oasis Sapphire Ecosystem to address any bugs and concerns and believed we were close to resolving all issues.

The protocol is still functioning as per normal bar outstanding bugs. We will be discussing internally the best way forward and will look to resolve all bugs ASAP.

https://twitter.com/Vine_Money/status/1770096351100965234

X (formerly Twitter)

Vine Money (@Vine_Money) on X

Congrats to @illuminexswap on their first BTC deposit ***🥳*** Big things are happening in the @OasisProtocol ecosystem and Vine Money is ready to provide the privacy-focused stablecoin that underpins it all. ***🌹******🍷******🌹***

After the success of our Public Sale IDO, we’ve got lots of big plans as we prepare for launch in Feb ??

Get ready for news on our TGE, airdrop opportunities, and updates on some exciting features we’re working on ?

DeFi’s first privacy-focused stablecoin is almost here ?