Dear users,
This announcement is relevant to all users who supply ETHOLD on the JustLend platform. Please read it carefully.
JustLend DAO will lower the Collateral Factor of ETHOLD Market from 75% to 40%. It is expected to take effect at around 23:59 on Jul 1, 2024(SGT).
Meanwhile, JustLend DAO will closely monitor the ETHOLD 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 ETHOLD are urged to pay close attention to follow-up proposals for the ETHOLD market’s adjustment strategies.
Lowering the Collateral Factor
Lowering the collateral factor of the ETHOLD market from 75% to 40% means that the assets users are able to borrow by supplying the same amount of ETHOLD will shrink, and the account with ETHOLD enabled as collateral will be exposed to higher risks of liquidation. So please keep an eye on your account risks if you supply ETHOLD tokens.
For more details, please refer to Lower the collateral factor of the ETHOLD market from 75% to 40%.
Thank you for your support!
JustLend DAO
Jul 1, 2024 (Singapore time)