Venus Protocol: It is recommended that users promptly address outstanding loans using BUSD as collateral

ChainCatcher message, Venus Protocol posted on platform X that BUSD is now entering the final deprecation phase, therefore, the collateral factor (CF) will be reduced. To ensure a smooth transition and prevent potential liquidations, users are strongly advised to address any outstanding loans using BUSD as collateral as soon as possible, and to immediately withdraw their BUSD supply on Venus and exchange it for other stablecoins.