diff --git a/simulations/vip-137/abi/IERC20UpgradableAbi.json b/simulations/vip-137/abi/IERC20UpgradableAbi.json
new file mode 100644
index 000000000..374b04c75
--- /dev/null
+++ b/simulations/vip-137/abi/IERC20UpgradableAbi.json
@@ -0,0 +1,295 @@
+[
+  {
+    "inputs": [
+      { "internalType": "string", "name": "name_", "type": "string" },
+      { "internalType": "string", "name": "symbol_", "type": "string" }
+    ],
+    "stateMutability": "nonpayable",
+    "type": "constructor"
+  },
+  {
+    "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": false, "internalType": "address", "name": "userAddress", "type": "address" },
+      { "indexed": false, "internalType": "address payable", "name": "relayerAddress", "type": "address" },
+      { "indexed": false, "internalType": "bytes", "name": "functionSignature", "type": "bytes" }
+    ],
+    "name": "MetaTransactionExecuted",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "indexed": true, "internalType": "bytes32", "name": "previousAdminRole", "type": "bytes32" },
+      { "indexed": true, "internalType": "bytes32", "name": "newAdminRole", "type": "bytes32" }
+    ],
+    "name": "RoleAdminChanged",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "indexed": true, "internalType": "address", "name": "account", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "sender", "type": "address" }
+    ],
+    "name": "RoleGranted",
+    "type": "event"
+  },
+  {
+    "anonymous": false,
+    "inputs": [
+      { "indexed": true, "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "indexed": true, "internalType": "address", "name": "account", "type": "address" },
+      { "indexed": true, "internalType": "address", "name": "sender", "type": "address" }
+    ],
+    "name": "RoleRevoked",
+    "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"
+  },
+  {
+    "inputs": [],
+    "name": "DEFAULT_ADMIN_ROLE",
+    "outputs": [{ "internalType": "bytes32", "name": "", "type": "bytes32" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "ERC712_VERSION",
+    "outputs": [{ "internalType": "string", "name": "", "type": "string" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "PREDICATE_ROLE",
+    "outputs": [{ "internalType": "bytes32", "name": "", "type": "bytes32" }],
+    "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": [],
+    "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": "userAddress", "type": "address" },
+      { "internalType": "bytes", "name": "functionSignature", "type": "bytes" },
+      { "internalType": "bytes32", "name": "sigR", "type": "bytes32" },
+      { "internalType": "bytes32", "name": "sigS", "type": "bytes32" },
+      { "internalType": "uint8", "name": "sigV", "type": "uint8" }
+    ],
+    "name": "executeMetaTransaction",
+    "outputs": [{ "internalType": "bytes", "name": "", "type": "bytes" }],
+    "stateMutability": "payable",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "getChainId",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "pure",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "getDomainSeperator",
+    "outputs": [{ "internalType": "bytes32", "name": "", "type": "bytes32" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "address", "name": "user", "type": "address" }],
+    "name": "getNonce",
+    "outputs": [{ "internalType": "uint256", "name": "nonce", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "bytes32", "name": "role", "type": "bytes32" }],
+    "name": "getRoleAdmin",
+    "outputs": [{ "internalType": "bytes32", "name": "", "type": "bytes32" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "internalType": "uint256", "name": "index", "type": "uint256" }
+    ],
+    "name": "getRoleMember",
+    "outputs": [{ "internalType": "address", "name": "", "type": "address" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [{ "internalType": "bytes32", "name": "role", "type": "bytes32" }],
+    "name": "getRoleMemberCount",
+    "outputs": [{ "internalType": "uint256", "name": "", "type": "uint256" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "internalType": "address", "name": "account", "type": "address" }
+    ],
+    "name": "grantRole",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "internalType": "address", "name": "account", "type": "address" }
+    ],
+    "name": "hasRole",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "view",
+    "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" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "mint",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [],
+    "name": "name",
+    "outputs": [{ "internalType": "string", "name": "", "type": "string" }],
+    "stateMutability": "view",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "internalType": "address", "name": "account", "type": "address" }
+    ],
+    "name": "renounceRole",
+    "outputs": [],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "bytes32", "name": "role", "type": "bytes32" },
+      { "internalType": "address", "name": "account", "type": "address" }
+    ],
+    "name": "revokeRole",
+    "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": "recipient", "type": "address" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "transfer",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  },
+  {
+    "inputs": [
+      { "internalType": "address", "name": "sender", "type": "address" },
+      { "internalType": "address", "name": "recipient", "type": "address" },
+      { "internalType": "uint256", "name": "amount", "type": "uint256" }
+    ],
+    "name": "transferFrom",
+    "outputs": [{ "internalType": "bool", "name": "", "type": "bool" }],
+    "stateMutability": "nonpayable",
+    "type": "function"
+  }
+]
diff --git a/simulations/vip-137/simulations.ts b/simulations/vip-137/simulations.ts
new file mode 100644
index 000000000..132c1b1d0
--- /dev/null
+++ b/simulations/vip-137/simulations.ts
@@ -0,0 +1,294 @@
+import { expect } from "chai";
+import { BigNumber } from "ethers";
+import { parseEther, parseUnits } from "ethers/lib/utils";
+import { ethers } from "hardhat";
+
+import { forking, testVip } from "../../src/vip-framework";
+import { vip137 } from "../../vips/vip-137";
+import IERC20 from "./abi/IERC20UpgradableAbi.json";
+
+const BUYBACK_WALLET = "0x6657911F7411765979Da0794840D671Be55bA273";
+const TREASURY = "0xF322942f644A996A617BD29c16bd7d231d9F35E9";
+
+const USDT_TREASURY_SHARE = parseUnits("210428.709986739362054424", 18);
+const USDT_BUYBACK_SHARE = parseUnits("23380.967776304373561602", 18);
+const ADDITIONAL_USDT_FOR_BUYBACK = parseUnits("33100.15", 18);
+
+const USDT_BUYBACK_WALLET_DELTA = USDT_BUYBACK_SHARE.add(ADDITIONAL_USDT_FOR_BUYBACK);
+const USDT_TREASURY_DELTA = USDT_TREASURY_SHARE.sub(ADDITIONAL_USDT_FOR_BUYBACK);
+
+const EXPECTED_BUYBACK_WALLET_DELTAS = [
+  { symbol: "BNB", token: "0x0", expectedDelta: parseEther("508.499489962935744958") },
+  {
+    symbol: "USDC",
+    token: "0x8AC76a51cc950d9822D68b83fE1Ad97B32Cd580d",
+    expectedDelta: parseUnits("9096.140934673191642482", 18),
+  },
+  { symbol: "USDT", token: "0x55d398326f99059fF775485246999027B3197955", expectedDelta: USDT_BUYBACK_WALLET_DELTA },
+  {
+    symbol: "BUSD",
+    token: "0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56",
+    expectedDelta: parseUnits("6446.341711055091311294", 18),
+  },
+  {
+    symbol: "SXP",
+    token: "0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A",
+    expectedDelta: parseUnits("49.463941918022665934", 18),
+  },
+  {
+    symbol: "BTCB",
+    token: "0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c",
+    expectedDelta: parseUnits("0.205691183895055672", 18),
+  },
+  {
+    symbol: "ETH",
+    token: "0x2170Ed0880ac9A755fd29B2688956BD959F933F8",
+    expectedDelta: parseUnits("4.169190178148361079", 18),
+  },
+  {
+    symbol: "LTC",
+    token: "0x4338665CBB7B2485A8855A139b75D5e34AB0DB94",
+    expectedDelta: parseUnits("1.007389862997151990", 18),
+  },
+  {
+    symbol: "XRP",
+    token: "0x1D2F0da169ceB9fC7B3144628dB156f3F6c60dBE",
+    expectedDelta: parseUnits("413.839560411016881694", 18),
+  },
+  {
+    symbol: "BCH",
+    token: "0x8fF795a6F4D97E7887C79beA79aba5cc76444aDf",
+    expectedDelta: parseUnits("1.206593525484940983", 18),
+  },
+  {
+    symbol: "DOT",
+    token: "0x7083609fCE4d1d8Dc0C979AAb8c869Ea2C873402",
+    expectedDelta: parseUnits("76.062073534456398410", 18),
+  },
+  {
+    symbol: "LINK",
+    token: "0xF8A0BF9cF54Bb92F17374d9e9A321E6a111a51bD",
+    expectedDelta: parseUnits("10.949701191649904460", 18),
+  },
+  {
+    symbol: "DAI",
+    token: "0x1AF3F329e8BE154074D8769D1FFa4eE058B1DBc3",
+    expectedDelta: parseUnits("581.117130095013706731", 18),
+  },
+  {
+    symbol: "FIL",
+    token: "0x0D8Ce2A99Bb6e3B7Db580eD848240e4a0F9aE153",
+    expectedDelta: parseUnits("15.893770078639351214", 18),
+  },
+  {
+    symbol: "BETH",
+    token: "0x250632378E573c6Be1AC2f97Fcdf00515d0Aa91B",
+    expectedDelta: parseUnits("0.207629697583789775", 18),
+  },
+  {
+    symbol: "ADA",
+    token: "0x3EE2200Efb3400fAbB9AacF31297cBdD1d435D47",
+    expectedDelta: parseUnits("1262.054636346228131414", 18),
+  },
+  {
+    symbol: "DOGE",
+    token: "0xbA2aE424d960c26247Dd6c32edC70B295c744C43",
+    expectedDelta: parseUnits("1039.76144104", 8),
+  },
+  {
+    symbol: "MATIC",
+    token: "0xCC42724C6683B7E57334c4E856f4c9965ED682bD",
+    expectedDelta: parseUnits("93.357038015671539649", 18),
+  },
+  {
+    symbol: "Cake",
+    token: "0x0E09FaBB73Bd3Ade0a17ECC321fD13a19e81cE82",
+    expectedDelta: parseUnits("1471.506427120316644381", 18),
+  },
+  {
+    symbol: "AAVE",
+    token: "0xfb6115445Bff7b52FeB98650C87f44907E58f802",
+    expectedDelta: parseUnits("0.467884622976290436", 18),
+  },
+  {
+    symbol: "TUSD",
+    token: "0x14016E85a25aeb13065688cAFB43044C2ef86784",
+    expectedDelta: parseUnits("3627.000216994993967679", 18),
+  },
+  {
+    symbol: "TRXOLD",
+    token: "0x85EAC5Ac2F758618dFa09bDbe0cf174e7d574D5B",
+    expectedDelta: parseUnits("2406.247404258401663559", 18),
+  },
+  { symbol: "TRX", token: "0xCE7de646e7208a4Ef112cb6ed5038FA6cC6b12e3", expectedDelta: parseUnits("2512.5144850", 6) },
+  {
+    symbol: "wBETH",
+    token: "0xa2E3356610840701BDf5611a53974510Ae27E2e1",
+    expectedDelta: parseUnits("0.005091663299523408", 18),
+  },
+  {
+    symbol: "TUSD",
+    token: "0x40af3827F39D0EAcBF4A168f8D4ee67c121D11c9",
+    expectedDelta: parseUnits("26.634753925876755065", 18),
+  },
+];
+
+const EXPECTED_TREASURY_DELTAS = [
+  { symbol: "BNB", token: "0x0", expectedDelta: parseEther("4576.495409666421704631") },
+  {
+    symbol: "USDC",
+    token: "0x8AC76a51cc950d9822D68b83fE1Ad97B32Cd580d",
+    expectedDelta: parseUnits("81865.268412058724782343", 18),
+  },
+  { symbol: "USDT", token: "0x55d398326f99059fF775485246999027B3197955", expectedDelta: USDT_TREASURY_DELTA },
+  {
+    symbol: "BUSD",
+    token: "0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56",
+    expectedDelta: parseUnits("58017.075399495821801647", 18),
+  },
+  {
+    symbol: "SXP",
+    token: "0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A",
+    expectedDelta: parseUnits("445.175477262203993407", 18),
+  },
+  {
+    symbol: "BTCB",
+    token: "0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c",
+    expectedDelta: parseUnits("1.851220655055501050", 18),
+  },
+  {
+    symbol: "ETH",
+    token: "0x2170Ed0880ac9A755fd29B2688956BD959F933F8",
+    expectedDelta: parseUnits("37.522711603335249718", 18),
+  },
+  {
+    symbol: "LTC",
+    token: "0x4338665CBB7B2485A8855A139b75D5e34AB0DB94",
+    expectedDelta: parseUnits("9.066508766974367914", 18),
+  },
+  {
+    symbol: "XRP",
+    token: "0x1D2F0da169ceB9fC7B3144628dB156f3F6c60dBE",
+    expectedDelta: parseUnits("3724.556043699151935254", 18),
+  },
+  {
+    symbol: "BCH",
+    token: "0x8fF795a6F4D97E7887C79beA79aba5cc76444aDf",
+    expectedDelta: parseUnits("10.859341729364468856", 18),
+  },
+  {
+    symbol: "DOT",
+    token: "0x7083609fCE4d1d8Dc0C979AAb8c869Ea2C873402",
+    expectedDelta: parseUnits("684.558661810107585690", 18),
+  },
+  {
+    symbol: "LINK",
+    token: "0xF8A0BF9cF54Bb92F17374d9e9A321E6a111a51bD",
+    expectedDelta: parseUnits("98.547310724849140149", 18),
+  },
+  {
+    symbol: "DAI",
+    token: "0x1AF3F329e8BE154074D8769D1FFa4eE058B1DBc3",
+    expectedDelta: parseUnits("5230.054170855123360582", 18),
+  },
+  {
+    symbol: "FIL",
+    token: "0x0D8Ce2A99Bb6e3B7Db580eD848240e4a0F9aE153",
+    expectedDelta: parseUnits("143.043930707754160926", 18),
+  },
+  {
+    symbol: "BETH",
+    token: "0x250632378E573c6Be1AC2f97Fcdf00515d0Aa91B",
+    expectedDelta: parseUnits("1.868667278254107984", 18),
+  },
+  {
+    symbol: "ADA",
+    token: "0x3EE2200Efb3400fAbB9AacF31297cBdD1d435D47",
+    expectedDelta: parseUnits("11358.491727116053182731", 18),
+  },
+  {
+    symbol: "DOGE",
+    token: "0xbA2aE424d960c26247Dd6c32edC70B295c744C43",
+    expectedDelta: parseUnits("9357.85296945", 8),
+  },
+  {
+    symbol: "MATIC",
+    token: "0xCC42724C6683B7E57334c4E856f4c9965ED682bD",
+    expectedDelta: parseUnits("840.213342141043856842", 18),
+  },
+  {
+    symbol: "Cake",
+    token: "0x0E09FaBB73Bd3Ade0a17ECC321fD13a19e81cE82",
+    expectedDelta: parseUnits("13243.557844082849799437", 18),
+  },
+  {
+    symbol: "AAVE",
+    token: "0xfb6115445Bff7b52FeB98650C87f44907E58f802",
+    expectedDelta: parseUnits("4.210961606786613931", 18),
+  },
+  {
+    symbol: "TUSD",
+    token: "0x14016E85a25aeb13065688cAFB43044C2ef86784",
+    expectedDelta: parseUnits("32643.001952954945709112", 18),
+  },
+  {
+    symbol: "TRXOLD",
+    token: "0x85EAC5Ac2F758618dFa09bDbe0cf174e7d574D5B",
+    expectedDelta: parseUnits("21656.226638325614972040", 18),
+  },
+  { symbol: "TRX", token: "0xCE7de646e7208a4Ef112cb6ed5038FA6cC6b12e3", expectedDelta: parseUnits("22612.630365", 6) },
+  {
+    symbol: "wBETH",
+    token: "0xa2E3356610840701BDf5611a53974510Ae27E2e1",
+    expectedDelta: parseUnits("0.045824969695710677", 18),
+  },
+  {
+    symbol: "TUSD",
+    token: "0x40af3827F39D0EAcBF4A168f8D4ee67c121D11c9",
+    expectedDelta: parseUnits("239.712785332890795588", 18),
+  },
+];
+
+const balanceOf = async (token: string, address: string) => {
+  if (token === "0x0") {
+    return await ethers.provider.getBalance(address);
+  }
+  const tokenContract = await ethers.getContractAt(IERC20, token);
+  return await tokenContract.balanceOf(address);
+};
+
+forking(29567407, () => {
+  const originalTreasuryBalances: { [address: string]: BigNumber } = {};
+  const originalBuybackWalletBalances: { [address: string]: BigNumber } = {};
+
+  before(async () => {
+    EXPECTED_TREASURY_DELTAS.forEach(async ({ token }) => {
+      originalTreasuryBalances[token] = await balanceOf(token, TREASURY);
+    });
+    EXPECTED_BUYBACK_WALLET_DELTAS.forEach(async ({ token }) => {
+      originalBuybackWalletBalances[token] = await balanceOf(token, BUYBACK_WALLET);
+    });
+  });
+
+  testVip("VIP-137", vip137());
+
+  describe("Post-VIP balances", async () => {
+    EXPECTED_TREASURY_DELTAS.forEach(({ symbol, token, expectedDelta }) => {
+      it(`should have the correct balance for ${symbol} in treasury`, async () => {
+        const balance = await balanceOf(token, TREASURY);
+        let expectedBalance = expectedDelta;
+        expectedBalance = expectedDelta.add(originalTreasuryBalances[token]);
+        expect(balance).to.equal(expectedBalance);
+      });
+    });
+
+    EXPECTED_BUYBACK_WALLET_DELTAS.forEach(({ symbol, token, expectedDelta }) => {
+      it(`should have the correct balance for ${symbol} in buyback wallet`, async () => {
+        const balance = await balanceOf(token, BUYBACK_WALLET);
+        let expectedBalance = expectedDelta;
+        expectedBalance = expectedDelta.add(originalBuybackWalletBalances[token]);
+        expect(balance).to.equal(expectedBalance);
+      });
+    });
+  });
+});
diff --git a/src/utils.ts b/src/utils.ts
index ac17d919b..6b1640f68 100644
--- a/src/utils.ts
+++ b/src/utils.ts
@@ -27,6 +27,9 @@ export async function setForkBlock(blockNumber: number) {
 
 export function getCalldatas({ signatures, params }: { signatures: string[]; params: any[][] }) {
   return params.map((args: any[], i: number) => {
+    if (signatures[i] === "") {
+      return "0x";
+    }
     const fragment = ethers.utils.FunctionFragment.from(signatures[i]);
     return defaultAbiCoder.encode(fragment.inputs, args);
   });
diff --git a/vips/vip-137.ts b/vips/vip-137.ts
new file mode 100644
index 000000000..1644c2003
--- /dev/null
+++ b/vips/vip-137.ts
@@ -0,0 +1,214 @@
+import { parseUnits } from "@ethersproject/units";
+import { BigNumber, BigNumberish } from "ethers";
+
+import { Command, ProposalType } from "../src/types";
+import { makeProposal } from "../src/utils";
+
+const BUYBACK_WALLET = "0x6657911F7411765979Da0794840D671Be55bA273";
+const TREASURY = "0xF322942f644A996A617BD29c16bd7d231d9F35E9";
+
+const USDT = "0x55d398326f99059fF775485246999027B3197955";
+const USDT_FOR_BUYBACK = parseUnits("33100.15", 18);
+const PERCENT_OF_RESERVES_FOR_BUYBACK = "10"; // %
+
+interface ReservesRecord {
+  vToken: string;
+  underlying: string;
+  reservesMantissa: BigNumberish;
+}
+
+// All vTokens except vXVS (the amount is too small), vCAN, vLUNA, vUST (all three are deprecated)
+// Snapshot taken at block 29567407 (2023-07-01 00:00 UTC)
+const RESERVES = [
+  {
+    vToken: "0xecA88125a5ADbe82614ffC12D0DB554E2e2867C8",
+    underlying: "0x8AC76a51cc950d9822D68b83fE1Ad97B32Cd580d",
+    reservesMantissa: "90961409346731916424825",
+  },
+  {
+    vToken: "0xfD5840Cd36d94D7229439859C0112a4185BC0255",
+    underlying: "0x55d398326f99059fF775485246999027B3197955",
+    reservesMantissa: "233809677763043735616026",
+  },
+  {
+    vToken: "0x95c78222B3D6e262426483D42CfA53685A67Ab9D",
+    underlying: "0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56",
+    reservesMantissa: "64463417110550913112941",
+  },
+  {
+    vToken: "0x2fF3d0F6990a40261c66E1ff2017aCBc282EB6d0",
+    underlying: "0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A",
+    reservesMantissa: "494639419180226659341",
+  },
+  {
+    vToken: "0xA07c5b74C9B40447a954e1466938b865b6BBea36",
+    underlying: "0x0",
+    reservesMantissa: "5084994899629357449589",
+  },
+  {
+    vToken: "0x882C173bC7Ff3b7786CA16dfeD3DFFfb9Ee7847B",
+    underlying: "0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c",
+    reservesMantissa: "2056911838950556722",
+  },
+  {
+    vToken: "0xf508fCD89b8bd15579dc79A6827cB4686A3592c8",
+    underlying: "0x2170Ed0880ac9A755fd29B2688956BD959F933F8",
+    reservesMantissa: "41691901781483610797",
+  },
+  {
+    vToken: "0x57A5297F2cB2c0AaC9D554660acd6D385Ab50c6B",
+    underlying: "0x4338665CBB7B2485A8855A139b75D5e34AB0DB94",
+    reservesMantissa: "10073898629971519904",
+  },
+  {
+    vToken: "0xB248a295732e0225acd3337607cc01068e3b9c10",
+    underlying: "0x1D2F0da169ceB9fC7B3144628dB156f3F6c60dBE",
+    reservesMantissa: "4138395604110168816948",
+  },
+  {
+    vToken: "0x5F0388EBc2B94FA8E123F404b79cCF5f40b29176",
+    underlying: "0x8fF795a6F4D97E7887C79beA79aba5cc76444aDf",
+    reservesMantissa: "12065935254849409839",
+  },
+  {
+    vToken: "0x1610bc33319e9398de5f57B33a5b184c806aD217",
+    underlying: "0x7083609fCE4d1d8Dc0C979AAb8c869Ea2C873402",
+    reservesMantissa: "760620735344563984100",
+  },
+  {
+    vToken: "0x650b940a1033B8A1b1873f78730FcFC73ec11f1f",
+    underlying: "0xF8A0BF9cF54Bb92F17374d9e9A321E6a111a51bD",
+    reservesMantissa: "109497011916499044609",
+  },
+  {
+    vToken: "0x334b3eCB4DCa3593BCCC3c7EBD1A1C1d1780FBF1",
+    underlying: "0x1AF3F329e8BE154074D8769D1FFa4eE058B1DBc3",
+    reservesMantissa: "5811171300950137067313",
+  },
+  {
+    vToken: "0xf91d58b5aE142DAcC749f58A49FCBac340Cb0343",
+    underlying: "0x0D8Ce2A99Bb6e3B7Db580eD848240e4a0F9aE153",
+    reservesMantissa: "158937700786393512140",
+  },
+  {
+    vToken: "0x972207A639CC1B374B893cc33Fa251b55CEB7c07",
+    underlying: "0x250632378E573c6Be1AC2f97Fcdf00515d0Aa91B",
+    reservesMantissa: "2076296975837897759",
+  },
+  {
+    vToken: "0x9A0AF7FDb2065Ce470D72664DE73cAE409dA28Ec",
+    underlying: "0x3EE2200Efb3400fAbB9AacF31297cBdD1d435D47",
+    reservesMantissa: "12620546363462281314145",
+  },
+  {
+    vToken: "0xec3422Ef92B2fb59e84c8B02Ba73F1fE84Ed8D71",
+    underlying: "0xbA2aE424d960c26247Dd6c32edC70B295c744C43",
+    reservesMantissa: "1039761441049",
+  },
+  {
+    vToken: "0x5c9476FcD6a4F9a3654139721c949c2233bBbBc8",
+    underlying: "0xCC42724C6683B7E57334c4E856f4c9965ED682bD",
+    reservesMantissa: "933570380156715396491",
+  },
+  {
+    vToken: "0x86aC3974e2BD0d60825230fa6F355fF11409df5c",
+    underlying: "0x0E09FaBB73Bd3Ade0a17ECC321fD13a19e81cE82",
+    reservesMantissa: "14715064271203166443818",
+  },
+  {
+    vToken: "0x26DA28954763B92139ED49283625ceCAf52C6f94",
+    underlying: "0xfb6115445Bff7b52FeB98650C87f44907E58f802",
+    reservesMantissa: "4678846229762904367",
+  },
+  {
+    vToken: "0x08CEB3F4a7ed3500cA0982bcd0FC7816688084c3",
+    underlying: "0x14016E85a25aeb13065688cAFB43044C2ef86784",
+    reservesMantissa: "36270002169949939676791",
+  },
+  {
+    vToken: "0x61eDcFe8Dd6bA3c891CB9bEc2dc7657B3B422E93",
+    underlying: "0x85EAC5Ac2F758618dFa09bDbe0cf174e7d574D5B",
+    reservesMantissa: "24062474042584016635599",
+  },
+  {
+    vToken: "0xC5D3466aA484B040eE977073fcF337f2c00071c1",
+    underlying: "0xCE7de646e7208a4Ef112cb6ed5038FA6cC6b12e3",
+    reservesMantissa: "25125144850",
+  },
+  {
+    vToken: "0x6CFdEc747f37DAf3b87a35a1D9c8AD3063A1A8A0",
+    underlying: "0xa2E3356610840701BDf5611a53974510Ae27E2e1",
+    reservesMantissa: "50916632995234085",
+  },
+  {
+    vToken: "0xBf762cd5991cA1DCdDaC9ae5C638F5B5Dc3Bee6E",
+    underlying: "0x40af3827F39D0EAcBF4A168f8D4ee67c121D11c9",
+    reservesMantissa: "266347539258767550653",
+  },
+];
+
+export const vip137 = () => {
+  const meta = {
+    version: "v2",
+    title: "VIP-137 Reserves withdrawal",
+    description: ``,
+    forDescription: "I agree that Venus Protocol should withdraw the reserves",
+    againstDescription: "I do not think that Venus Protocol should proceed with withdrawing the reserves",
+    abstainDescription: "I am indifferent to whether Venus Protocol proceeds with withdrawing the reserves or not",
+  };
+
+  const transferBNB = (target: string, amount: BigNumberish): Command => {
+    return {
+      target: target,
+      signature: "",
+      params: [],
+      value: amount.toString(),
+    };
+  };
+
+  const transferTokens = (token: string, target: string, amount: BigNumberish): Command => ({
+    target: token,
+    signature: "transfer(address,uint256)",
+    params: [target, amount],
+  });
+
+  const transfer = (token: string, target: string, amount: BigNumberish): Command => {
+    if (token === "0x0") {
+      return transferBNB(target, amount);
+    }
+    return transferTokens(token, target, amount);
+  };
+
+  return makeProposal(
+    [
+      ...RESERVES.flatMap(({ vToken, underlying, reservesMantissa }: ReservesRecord) => {
+        const reserve = BigNumber.from(reservesMantissa);
+        const buybackShare = reserve.mul(PERCENT_OF_RESERVES_FOR_BUYBACK).div(100);
+        const treasuryShare = reserve.sub(buybackShare);
+
+        console.log(`underlying: ${underlying}`);
+        console.log(`  reserves: ${reservesMantissa}`);
+        console.log(`   buyback: ${buybackShare.toString()}`);
+        console.log(`  treasury: ${treasuryShare.toString()}`);
+
+        return [
+          {
+            target: vToken,
+            signature: "_reduceReserves(uint256)",
+            params: [reservesMantissa],
+          },
+          transfer(underlying, BUYBACK_WALLET, buybackShare),
+          transfer(underlying, TREASURY, treasuryShare),
+        ];
+      }),
+
+      {
+        target: TREASURY,
+        signature: "withdrawTreasuryBEP20(address,uint256,address)",
+        params: [USDT, USDT_FOR_BUYBACK, BUYBACK_WALLET],
+      },
+    ],
+    meta,
+    ProposalType.REGULAR,
+  );
+};