Dear users:
As the new BTT token has fully replaced both BTTOLD and its TRC-20 version WBTT in the BitTorrent ecosystem, JustLend DAO plans to offboard the WBTT market. After the proposal takes effect, in the WBTT market, the Reserve Factor has been increased to 100% and users will not be able to borrow, but can still repay and withdraw. The supply in the WBTT market will no longer yield any base rewards (according to the formula, the Supply APY will drop to 0), so users will have no incentive to continue holding WBTT in JustLend DAO.
Meanwhile, JustLend DAO will closely monitor the WBTT market conditions, and adjust the collateral factor and other parameters accordingly, to accelerate the offboarding process. To avoid asset losses due to parameter adjustments, users holding WBTT are urged to pay close attention to follow-up proposals for the WBTT market’s adjustment strategies, and make repayments and withdrawals as soon as possible.
For proposal details, please refer to Offboard WBTT on JustLend DAO.
Thank you for your support!
JustLend DAO
Mar 29, 2024 (Singapore time)