Chaos Labs - Risk Parameter Updates - 12/26/23


  • BUSD - Reduce CF to 0



Following the execution of VIP-221 which reduced the CF of BUSD to 30%, we are prepared for the final CF reduction as part of the BUSD deprecation planned plan outlined in previous posts.

Currently, this reduction would result in 659 accounts affected with a total liquidation value of approximately $65K. The list of accounts at risk of liquidation can be found here .

Following this CF reduction, BUSD will no longer be available to be used as collateral on the Venus Core Pool.

We urge users to proactively wind down their BUSD collateralized positions ahead of time to avoid liquidations should the community decide to adopt this recommendation.