Referring to the previous proposal, Allez Labs — Risk Parameter Updates 2026-06-23, the proposed changes to the BNB Chain Core pool are as follows.
Proposed Changes
| Asset | Pool | Parameter | Current | Proposed |
|---|---|---|---|---|
| asBNB | Core | Collateral factor | 72% | 60% |
| slisBNB | Core | Collateral factor | 80% | 72% |
| XRP | Core | Collateral factor | 65% | 50% |
| SOL | Core | Collateral factor | 72% | 65% |
| USDe | Core | Collateral factor | 75% | 70% |
| FDUSD | Core | Collateral factor | 75% | 65% |
| XVS | Core | Collateral factor | 0% | 45% |
| Core | Supply cap | 1.85M XVS | 1.15M XVS | |
| sUSDe | E-Mode “Stablecoins” | Liquidation incentive | 8% | 6% |
Notes
- Liquidation thresholds are unchanged on every collateral-factor row, so no existing position becomes liquidatable. A position whose debt exceeds its reduced borrowing power becomes repay-only: it can no longer borrow more or withdraw collateral until it pays down.
- At the proposed FDUSD collateral factor, roughly $206K of debt across two small accounts becomes repay-only. Neither position is liquidatable, and both restore capacity by repaying.
- XVS resumes as collateral alongside a supply cap of 1.15M XVS, approximately $3.1M at current prices. Its liquidation threshold remains at 60% and is not modified.
Summary
If approved, this VIP will:
- Reduce collateral factors on six BNB Chain Core pool markets — asBNB, slisBNB, XRP, SOL, USDe, and FDUSD.
- Resume XVS as collateral in the Core pool at a 45% collateral factor, and reduce the XVS supply cap to 1.15M XVS.
- Reduce the sUSDe liquidation incentive in the E-Mode “Stablecoins” pool from 8% to 6%, aligning it with USDe.
We welcome community feedback on this proposal ahead of submitting it for a VIP vote.