The Venus Community and it’s delegators are submitting a VIP on behalf of the BNB Chain core team, following their proposal: https://community.venus.io/t/bnb-chain-core-team-as-the-sole-liquidator-of-the-bnb-exploiter-address/3202

As market is very volatile, there is a potential risk that if liquidated, this large portion of BNB may cause more cascading liquidations effect and unnecessary damage to the market and cause more risks to Venus, Venus users, BNB token and BNB Chain.

The aim of this proposal is to introduce whitelisting capability for performing liquidations, specifically targeting the liquidation of the BNB bridge exploiter’s position on Venus.

BNB Chain core team proposes to be the sole liquidator of this position in order to safely control the outsized volume of BNB to offload.

Once the proposal is accepted, we will work with Binance and other BNB Chain Ecosystem players to take over the position in case it hits the liquidation line, by repaying the debt in a joint effort. The stability and fund coverage of Venus will be put at the high priority. ","forDescription":"I agree that Venus Protocol should proceed with this proposal","againstDescription":"I do not think that Venus Protocol should proceed with this proposal","abstainDescription":" I am indifferent to whether Venus Protocol proceeds or not"}