Dear users,
This announcement is relevant to all users who supply and borrow SUNOLD on the JustLend platform. Please read it carefully.
JustLend DAO will lower the Collateral Factor of SUNOLD Market from 25% to 0%. It is expected to take effect at around 23:59 on Jan 04, 2024(SGT).
Lowering the Collateral Factor
Lowering the collateral factor of SUNOLD market from 25% to 0% means that users will not be able to borrow assets by supplying SUNOLD, and the account with SUNOLD enabled as collateral will be exposed to higher risks of liquidation. So please keep an eye on the risks associated with your account.
As JustLend has granted the right of governance to the community, adjustment of any parameters needs to be decided by the community through voting. Please closely follow JustLend proposals. Click to view all proposals.
Thank you for your support!
JustLend DAO
Jan 04, 2024 (Singapore time)