Venus Protocol: If BNB reaches the liquidation threshold, BNB Chain will take over the BNB position on Venus as planned.

According to BlockBeats news on June 12, the lending protocol Venus Protocol on BNB Chain announced that the BNB Chain core team is ready to take over BNB positions on Venus as planned if the BNB price reaches the liquidation threshold. The liquidator has prepared $30 million to refund account loans and may have more if needed. No BNB will be sold on the market, and Venus is not expected to suffer losses.