Venus Protocol has published a proposal to consolidate 87 deprecated or previously delisted markets on chains including BNB Chain, opBNB, Optimism, Unichain, Ethereum, Base, Arbitrum, and zkSync Era. The proposal is divided into two steps: in the first step, the reserve rate is set to 100%, and the borrowing rate is adjusted to the Deprecation curve (initially 300% annualized, up to 500% at full utilization) to incentivize users to exit. The second step is planned to be implemented during the week of June 29, 2026, when the collateral factor (CF) and liquidation threshold (LT) for the relevant markets will be set to 0, meaning all related positions will be at risk of liquidation. Venus strongly recommends that users with related borrowings or deposits close their positions or withdraw before then.

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OutsiderOfZhiyuandao

· 8h ago

The step where CF and LT go to zero is the most fatal; positions become unsecured directly, liquidation risk is maxed out, cannot delay.

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TheClarityAfterLiquidating

· 9h ago

From BNB to zkSync Era full coverage, the inventory cleanup of multi-chain DeFi is a major trend, and Venus has taken the first step.

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DustyAlpha

· 10h ago

The deprecation curve design is quite interesting, using economic incentives instead of forced removal, giving users a one-year buffer period, which is still decent.

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NodeOutsider

· 10h ago

500% annualized cap, this interest rate is crazier than loan sharking, clearly it's meant to drive people away.

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TheRedTelephoneBoothInTheRuins

· 10h ago

The reserve rate is directly pulled to 100%, which basically means no new borrowing is allowed, and old users are forced to migrate.

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NeonMeltsIceCream

· 10h ago

The deadline of June 29, 2026 is noted, across 8 chains and 87 markets, Venus's cleanup action this time is really significant.

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AmberTeaSwirl

· 10h ago

A 300%-starting deprecation curve—this exit cost is brutal. You’d better clear your positions quickly.

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