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
“The best thing is to get rid of the burden on our back as soon as possible.”
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.
Will this affect the BNB liquidity in the Venus’ core pool?
YEP, support this proposal!! Some things need to be settled.
Yes, this definitely needed to be resolved.