Dear users,
This announcement is relevant to all users who stake USDCOLD on the JustLend platform. Please read it carefully.
We would like to inform you about a significant change regarding the USDCOLD market. The Collateral Factor of USDCOLD Market will be adjusted from 60% to 0% and the Reserve Factor will be adjusted from 10% to 100%. It is expected to take effect at around 23:59 on Oct 25, 2024(SGT).
In response to Circle’s recent announcement to discontinue support for USDC on the TRON blockchain, JustLend DAO has suspended the supply and borrow of USDCOLD market. This measure is taken to ensure the safety of user assets and maintain the healthy and stable development of our platform. Meanwhile, JustLend DAO will adjust the parameters of the USDCOLD market to further phase it out.
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. 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)