VIP-111 is Live. Proposal type: Normal. Proposer: Community. VIP-111 BETH Market Deprecation. Summary.
27 Apr 2023, 17:53
🔵 VIP-111 is Live!
Proposal type: Normal
Proposer: Community
VIP-111 BETH Market Deprecation
Summary
This VIP relates to the BETH market deprecation on BNB Chain as announced earlier this week by Binance. This VIP will perform the following specific actions:
*Borrowing will be paused for the current BETH market on Venus.
*XVS Distributions will be set to 0 for BETH market
*Reserve factor will be increased in the BETH market to 100%
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