In October 2022, account 0x48…9BEC supplied extraneously minted BNB to Venus and generated an over-collateralized debt position, currently with 327,863.1477 BNB following previous liquidations (VIP-224 and VIP-79). Now that the account is healthy by a substantial margin it can finally be closed with no negative impact to Venus. The steps are: force liquidating the current debts, withdrawing the remaining supply (excluding a 10% bounty intended for the risk fund), sending the balance to burn address 0x…000. Following adoption of this proposal those steps will be taken.
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Great news. i’m glad the situation has finally been resolved, thanks for the notification
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“The best thing is to get rid of the burden on our back as soon as possible.”
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This proposal seems absolutely right to me. It was about time to close that chapter and leave behind an account that has only been a burden. Now that it can be done without affecting the protocol, the best thing to do is take action and move forward. Venus grows stronger by making decisions like this.
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Will this affect the BNB liquidity in the Venus’ core pool?
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YEP, support this proposal!! Some things need to be settled.
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Yes, this definitely needed to be resolved.
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