Venus Protocol: Users are advised to process outstanding loans using BUSD as collateral as soon as possible
Venus Protocol has announced on X platform that BUSD is now entering its final deprecation phase, which will result in a decrease in the collateral factor (CF). To ensure a smooth transition and prevent potential liquidation, users are strongly advised to handle any outstanding loans that use BUSD as collateral and immediately withdraw their BUSD supply on Venus and exchange it for other stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raydium Launches Perpetual Futures Trading on Solana with Zero Gas Fees
Hot employment report leads stocks lower, at least for now
Odds of an interest rate cut later this month are all but out the window
Hugging Face reached a settlement with FriendliAI which accused it of patent infringement
Share link:In this post: FriendliAI agreed to dismiss its lawsuit with prejudice. The Korean AI startup claimed Hugging Face violated one of its patents. Meanwhile, Microsoft released its latest language model Phi-4 on Hugging Face.
US regulator proposes stronger protections against crypto payment fraud and surveillance
Share link:In this post: US regulators have introduced two proposals to protect users who make digital payments from data harvesting. CFPB leadership is likely to change with Trump’s assumption of office. Uncertainties shred the fate of the proposal.
Trending news
MoreCrypto prices
More
