Dear users,
This announcement is relevant to all users who supply and borrow BUSD on the JustLend platform. Please read it carefully.
JustLend DAO will lower the Collateral Factor of the BUSD Market from 75% to 0%. It is expected to take effect at around 23:59 on Dec 29, 2023(SGT).
Lowering the Collateral Factor
Lowering the collateral factor of the BUSD market from 75% to 0% means that users will not be able to borrow assets by supplying BUSD, and the account with BUSD enabled as collateral will be exposed to higher risks of liquidation. So please keep an eye on the risks associated with your account.
Thank you for your support!
JustLend DAO
Dec 29, 2023 (Singapore time)