diff --git a/simulations/vip-554/abi/XVS.json b/simulations/vip-554/abi/XVS.json
new file mode 100644
index 000000000..0835d2fe4
--- /dev/null
+++ b/simulations/vip-554/abi/XVS.json
@@ -0,0 +1,318 @@
+[
+  {
+    "inputs": [{ "internalType": "address", "name": "accessControlManager_", "type": "address" }],
+    "stateMutability": "nonpayable",
+    "type": "constructor"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "user", "type": "address" }],
+    "name": "AccountBlacklisted",
+    "type": "error"
+  },
+  { "inputs": [], "name": "AddressesMustDiffer", "type": "error" },
+  { "inputs": [], "name": "MintLimitExceed", "type": "error" },
+  { "inputs": [], "name": "MintedAmountExceed", "type": "error" },
+  { "inputs": [], "name": "NewCapNotGreaterThanMintedTokens", "type": "error" },
+  { "inputs": [], "name": "Unauthorized", "type": "error" },
+  { "inputs": [], "name": "ZeroAddressNotAllowed", "type": "error" },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "owner", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "spender", "type": "address" },
+      { "indexed": false, "internalType": "uint256", "name": "value", "type": "uint256" }
+    ],
+    "name": "Approval",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "user", "type": "address" },
+      { "indexed": false, "internalType": "bool", "name": "value", "type": "bool" }
+    ],
+    "name": "BlacklistUpdated",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "minter", "type": "address" },
+      { "indexed": false, "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "MintCapChanged",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "minter", "type": "address" },
+      { "indexed": false, "internalType": "uint256", "name": "newLimit", "type": "uint256" }
+    ],
+    "name": "MintLimitDecreased",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "minter", "type": "address" },
+      { "indexed": false, "internalType": "uint256", "name": "newLimit", "type": "uint256" }
+    ],
+    "name": "MintLimitIncreased",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "source", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "destination", "type": "address" }
+    ],
+    "name": "MintedTokensMigrated",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "oldAccessControlManager", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "newAccessControlManager", "type": "address" }
+    ],
+    "name": "NewAccessControlManager",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "previousOwner", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "newOwner", "type": "address" }
+    ],
+    "name": "OwnershipTransferred",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [{ "indexed": false, "internalType": "address", "name": "account", "type": "address" }],
+    "name": "Paused",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "address", "name": "from", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "to", "type": "address" },
+      { "indexed": false, "internalType": "uint256", "name": "value", "type": "uint256" }
+    ],
+    "name": "Transfer",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [{ "indexed": false, "internalType": "address", "name": "account", "type": "address" }],
+    "name": "Unpaused",
+    "type": "event"
+  },
+  {
+    "inputs": [],
+    "name": "accessControlManager",
+    "outputs": [{ "internalType": "address", "name": "", "type": "address" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "owner", "type": "address" },
+      { "internalType": "address", "name": "spender", "type": "address" }
+    ],
+    "name": "allowance",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "spender", "type": "address" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "approve",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "account", "type": "address" }],
+    "name": "balanceOf",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "account_", "type": "address" },
+      { "internalType": "uint256", "name": "amount_", "type": "uint256" }
+    ],
+    "name": "burn",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "decimals",
+    "outputs": [{ "internalType": "uint8", "name": "", "type": "uint8" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "spender", "type": "address" },
+      { "internalType": "uint256", "name": "subtractedValue", "type": "uint256" }
+    ],
+    "name": "decreaseAllowance",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "spender", "type": "address" },
+      { "internalType": "uint256", "name": "addedValue", "type": "uint256" }
+    ],
+    "name": "increaseAllowance",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "user_", "type": "address" }],
+    "name": "isBlackListed",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "source_", "type": "address" },
+      { "internalType": "address", "name": "destination_", "type": "address" }
+    ],
+    "name": "migrateMinterTokens",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "account_", "type": "address" },
+      { "internalType": "uint256", "name": "amount_", "type": "uint256" }
+    ],
+    "name": "mint",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "", "type": "address" }],
+    "name": "minterToCap",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "", "type": "address" }],
+    "name": "minterToMintedAmount",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "name",
+    "outputs": [{ "internalType": "string", "name": "", "type": "string" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "owner",
+    "outputs": [{ "internalType": "address", "name": "", "type": "address" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  { "inputs": [], "name": "pause", "outputs": [], "stateMutability": "nonpayable", "type": "function" },
+  {
+    "inputs": [],
+    "name": "paused",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  { "inputs": [], "name": "renounceOwnership", "outputs": [], "stateMutability": "nonpayable", "type": "function" },
+  {
+    "inputs": [{ "internalType": "address", "name": "newAccessControlAddress_", "type": "address" }],
+    "name": "setAccessControlManager",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "minter_", "type": "address" },
+      { "internalType": "uint256", "name": "amount_", "type": "uint256" }
+    ],
+    "name": "setMintCap",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "symbol",
+    "outputs": [{ "internalType": "string", "name": "", "type": "string" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "totalSupply",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "to", "type": "address" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "transfer",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "from", "type": "address" },
+      { "internalType": "address", "name": "to", "type": "address" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "transferFrom",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "newOwner", "type": "address" }],
+    "name": "transferOwnership",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  { "inputs": [], "name": "unpause", "outputs": [], "stateMutability": "nonpayable", "type": "function" },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "user_", "type": "address" },
+      { "internalType": "bool", "name": "value_", "type": "bool" }
+    ],
+    "name": "updateBlacklist",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  }
+]
diff --git a/simulations/vip-554/bscmainnet.ts b/simulations/vip-554/bscmainnet.ts
new file mode 100644
index 000000000..2e8a7e5dd
--- /dev/null
+++ b/simulations/vip-554/bscmainnet.ts
@@ -0,0 +1,30 @@
+import { expect } from "chai";
+import { ethers } from "hardhat";
+import { NETWORK_ADDRESSES } from "src/networkAddresses";
+import { forking, testVip } from "src/vip-framework";
+
+import vip552, { TOTAL_XVS } from "../../vips/vip-554/bscmainnet";
+import XVS_ABI from "./abi/XVS.json";
+
+const { bscmainnet } = NETWORK_ADDRESSES;
+
+forking(64039825, async () => {
+  let provider: any;
+  let xvs: any;
+  let comptrollerPreviousXVSBalance: any;
+
+  before(async () => {
+    provider = ethers.provider;
+    xvs = new ethers.Contract(bscmainnet.XVS, XVS_ABI, provider);
+    comptrollerPreviousXVSBalance = await xvs.balanceOf(bscmainnet.UNITROLLER);
+  });
+
+  testVip("vip-552", await vip552());
+
+  describe("Post-VIP behavior", async () => {
+    it("should transfer XVS to the Comptroller", async () => {
+      const comptrollerXVSBalanceAfter = await xvs.balanceOf(bscmainnet.UNITROLLER);
+      expect(comptrollerXVSBalanceAfter).to.equal(comptrollerPreviousXVSBalance.add(TOTAL_XVS));
+    });
+  });
+});
diff --git a/vips/vip-554/bscmainnet.ts b/vips/vip-554/bscmainnet.ts
new file mode 100644
index 000000000..1e51f49e8
--- /dev/null
+++ b/vips/vip-554/bscmainnet.ts
@@ -0,0 +1,36 @@
+import { parseUnits } from "ethers/lib/utils";
+import { NETWORK_ADDRESSES } from "src/networkAddresses";
+import { ProposalMeta, ProposalType } from "src/types";
+import { makeProposal } from "src/utils";
+
+const { bscmainnet } = NETWORK_ADDRESSES;
+
+export const ARB_WITHDRAWN = parseUnits("1450.889", 18);
+export const ETH_WITHDRAWN = parseUnits("40736.5574", 18);
+export const ZKSYNC_WITHDRAWN = parseUnits("2904.6815", 18);
+export const TOTAL_XVS = ARB_WITHDRAWN.add(ETH_WITHDRAWN).add(ZKSYNC_WITHDRAWN);
+
+export const vip554 = async () => {
+  const meta: ProposalMeta = {
+    version: "v2",
+    title: "VIP-554",
+    description: ``,
+    forDescription: "I agree that Venus Protocol should proceed with this proposal",
+    againstDescription: "I do not think that Venus Protocol should proceed with this proposal",
+    abstainDescription: "I am indifferent to whether Venus Protocol proceeds or not",
+  };
+
+  return makeProposal(
+    [
+      {
+        target: bscmainnet.VTREASURY,
+        signature: "withdrawTreasuryBEP20(address,uint256,address)",
+        params: [bscmainnet.XVS, TOTAL_XVS, bscmainnet.UNITROLLER],
+      },
+    ],
+    meta,
+    ProposalType.REGULAR,
+  );
+};
+
+export default vip554;