VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191

VIP-191 Enable forced liquidations on the BUSD market Summary If passed, this VIP will enable forced liquidations on the BUSD market, authorizing only a new contract (BUSDLiquidator) to liquidate BUSD positions. Moreover, it will update the Interest Rate Model of the BUSD market, to stop accruing interests. This VIP enables the proposal shared in the community forum, following the Chaos Labs recommendations. Description The specific actions performed in this VIP are: - Enable forced liquidations on the BUSD market - Pause liquidations on the BUSD market. This way, regular liquidators won’t be able to liquidate any BUSD position - Grant the BUSDLiquidator contract to resume/pause liquidations. This way, the BUSDLiquidator contract will be the only one with the capacity to liquidate BUSD positions - Stop accruing interests in the BUSD market BUSD liquidations will be performed in a permissionless fashion. Anyone could invoke the BUSDLiquidator contract to liquidate the BUSD positions. The BUSDLiquidator contract is initially configured to send 1% of the repaid amount to the account invoking it, and the rest to the Venus Treasury. This percentage can be adjusted with a VIP in the future. Example of BUSD liquidation performed using the BUSDLiquidator, and distribution of the tokens: - Let’s assume the collateral to seize in the liquidator is USDT, and 1 BUSD = 1 USDT = 1 USD - Amount that will be liquidated (repaid): 100 BUSD - Amount that will be seized: 110 USDT (in vUSDT tokens) - 5 USDT (in vUSDT tokens) will be sent automatically to the Venus Treasury - 105 USDT (in vUSDT tokens) will be sent to the BUSDLiquidator contract. The BUSDLiquidator contract will send: - 4 USDT (in vUSDT tokens) to the Venus Treasury - 1 USDT (1% of the repaid amount) (in vUSDT tokens) to the user invoking the BUSDLiquidator contract Finally, the user invoking the BUSDLiquidator will receive 101 USDT (in vUSDT tokens). Assuming the user performed the liquidation in the context of a flash swap: - The user will redeem the vUSDT tokens and will return 100 USDT to the flash swap provider - There will be 1 USDT (in vUSDT tokens) to cover the flash swap fees. If the user didn’t use a flash swap, this will be the incentive to perform the liquidation. Additional Details and Vote 👇🏻 https://app.venus.io/#/governance/proposal/191