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TechFlow news: On June 12, Venus Protocol, a lending protocol on BNB Chain, tweeted that the BNB Chain core team is prepared to take over Venus's BNB positions if the BNB price hits the liquidation threshold.
The liquidator address has already prepared $30 million to repay loans in the accounts and will provide additional support when necessary. Meanwhile, no BNB will be sold into the market, and there will be no shortage situation.
Venus Protocol, a lending protocol on BNB Chain, tweeted that the BNB Chain core team is ready to take over BNB positions on Venus if the BNB price hits the liquidation threshold. The liquidator address has prepared $30 million to repay account loans and will provide additional support when necessary. Meanwhile, no BNB will be sold into the market, and there will be no shortage.
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