VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

VIP-269 Partial liquidation of the BNB bridge exploiter account Summary Following the proposal published in the community forum, if passed, this VIP will perform the following actions: - Redeem 326,081,635.9401868 vUSDC held by the Venus Treasury, getting around 7.6M USDC - Liquidate the BNB bridge exploiter account repaying part of its USDC debt, using 100% of the USDC tokens obtained in the previous step. The seized tokens will be vBNB - Redeem 100% of the seized vBNB tokens and transfer them to an OTC provider, to be converted into USDC that will be sent to the Venus Treasury in the following days #### Description After executing the VIP: - The balance of vUSDC in the Treasury will be zero - The USDC debt of the BNB bridge exploiter will be reduced by (around) 7.6M USDC - Around $8.36M in BNB will have been transferred to the OTC provider, that will convert them to USDC and send them to the Venus Treasury in the following days Review the full plan regarding the liquidation of the BNB exploiter account in the above publication. This VIP uses two contracts to complete the commands: - TokenRedeemer. It is used to redeem the vUSDC and transfer 100% of the withdrawn underlying tokens to another contract (in this case the Temporary Liquidator contract) - Temporary Liquidator contract for the Core pool. It doesn’t split the fees between the liquidator agent and the protocol, it redeems the seized vTokens, and it transfers 100% of the withdrawn underlying tokens to an address (in this case the OTC provider) The owner of both contracts is the Normal Timelock. They won’t hold any tokens after the VIP execution. The last command of the VIP restores the original Liquidator contract in the Core pool. Additional details in VIP description Vote 👉🏻 https://app.venus.io/#/governance/proposal/269?chainId=56

https://coinmarketcap.com/community/post/334475109

Hi all! Please be aware there are scam groups impersonating ThreeFold employees and the Foundation. We do not organise “giveaways” nor will we ever ask for seed keys. Stay safe!

Dive into the world of Prom Explore how we're redefining blockchain interoperability and enhancing connectivity across multiple chains. Visit us now 👇 https://prom.io Website | Twitter | Discord | Medium | Telegram Chat | Youtube | CMC Gravity

Dive into the world of Prom Explore how we're redefining blockchain interoperability and enhancing connectivity across multiple chains. Visit us now 👇 https://prom.io Website | Twitter | Discord | Medium | Telegram Chat | Youtube | CMC Gravity