Dear users,
This announcement is relevant to all users who stake WBTT on the JustLend platform. Please read it carefully.
We would like to inform you about a significant change regarding the WBTT market. The Collateral Factor of WBTT Market will be adjusted from 60% to 0%. It is expected to take effect at around 23:59 on Oct 25, 2024(SGT).
JustLend DAO is deeply committed to market risk management. We conduct comprehensive risk assessments, technical reviews, and ongoing market analyses at the earliest sign of any potential uncertainties that could impact the market. Since the new BTT token has fully replaced both BTTOLD and its TRC-20 version WBTT in the BitTorrent ecosystem, we have decided to reduce the collateral factor of WBTT market to 0% and eventually delist it from the market. To prevent unnecessary losses, we recommend that users convert WBTT to BTT as soon as possible.
As JustLend has granted the right of governance to the community, adjustment of any parameters needs to be decided by the community through voting. We have initiated the proposal on the adjustments mentioned above, which has been fully discussed by our community. Please closely follow JustLend Proposals for more details.
We are committed to maintaining the stability and security of our platform and will continue to monitor the situation closely. Your understanding and attention to this matter are greatly appreciated.
Thank you for your support!
JustLend DAO
Oct 25, 2024 (Singapore time)