The debt was created from users deposits, right?

Question

Venus Protocol

🅴🆄🅶🅴🅽🅸🆄🆂 🇺🇦 K

The debt was created from users deposits, right?

#blockchain #cryptocurrency #english #venus

0

23.10.2023

9 ответов

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DigitalDrifter

Some bad actor using pumped XVS as collateral to with draw BTC.

0

23.10.2023

🅴🆄🅶🅴🅽🅸🆄🆂 🇺🇦 K Автор вопроса

Deborah | 🇳🇬 Never DM First 🇳🇬
This bad debt was incurred during the swipe days :...

Guys, i know that. I dont blame anyone. I am just saying that debt was in fact was created from somebody’s deposits. And these deposits needs to be repaid, eventually..

0

23.10.2023

Deborah | 🇳🇬 Never DM First 🇳🇬

🅴🆄🅶🅴🅽🅸🆄🆂 🇺🇦 K
Guys, i know that. I dont blame anyone. I am just ...

Yeah... And that's why we have a risk fund :)

0

23.10.2023

S D

Deborah | 🇳🇬 Never DM First 🇳🇬
Yeah... And that's why we have a risk fund :)

Hey, may I ask what's the strategy and a tentative timeline for fixing this bad debt issue? Thanks in advance for your response

0

23.10.2023

Deborah | 🇳🇬 Never DM First 🇳🇬

S D
Hey, may I ask what's the strategy and a tentative...

I can't categorically state the timeline. It is a gradual process you know. With the implementation of automatic income allocation/shortfall repayment, bond, forced liquidation mechanism, and more to come, the issue of bad debt will be a thing of the past with time. :)

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23.10.2023

NoOneVII | Serhan |

S D
Hey, may I ask what's the strategy and a tentative...

I haven't answered this kind of question for a long time, a lot has been done regarding bad debt and many payments have been made in the past, but it is important that these are done without harming the development of Venus. Payments have been made from our Risk Fund in the last few months and will be made again soon. Our team is developing different ways to handle this in a way that will cause the least harm to Venus, and we will continue to share information here as developments occur. There is no point in talking about past things every day, Risk Fund is already used for bad debt and when there are new solutions we will let you know. But the priority right now is what is coming for Venus and what they will add to Venus. Every investor needs to focus on this and know that the team is already working to sort things out.

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23.10.2023

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NoOneVII | Serhan |
I haven't answered this kind of question for a lon...

Appreciate the prompt and detailed response...I hope you won't mind a follow-up question, as follows: Is there a way I can check the opening balance of debt and the amount left to be paid right now, number and type of debtors i.e. institutional or individuals, etc....I'd also like to add that I believe in Venus's future and the team's proactive and transparent engagement only adds to my faith in it

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23.10.2023

NoOneVII | Serhan |

S D
Appreciate the prompt and detailed response...I ho...

We always answer your questions, but you will appreciate that talking about the same things over and over is unpleasant. Coming to your question, there are 2 wallets belonging to the big Bad Debt. You can learn the details about the debt from some websites. You can find these details by doing some research in this group or on Twitter. Many explanatory articles and tweets available Danny has already given you the necessary information about the developing details.

0

23.10.2023

Deborah | 🇳🇬 Never DM First 🇳🇬 · Accepted Answer

Deborah | 🇳🇬 Never DM First 🇳🇬

This bad debt was incurred during the swipe days :)

0

23.10.2023

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The debt was created from users deposits, right?

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