Venus Protocol: Users are advised to process outstanding loans using BUSD as collateral as soon as possible

Venus Protocol has announced on X platform that BUSD is now entering its final deprecation phase, which will result in a decrease in the collateral factor (CF). To ensure a smooth transition and prevent potential liquidation, users are strongly advised to handle any outstanding loans that use BUSD as collateral and immediately withdraw their BUSD supply on Venus and exchange it for other stablecoins.