Dear users,
This announcement is relevant to all users who supply and borrow SUNOLD on the JustLend platform. Please read it through carefully.
We are initiating a proposal on "Lowering the Collateral Factor of SUNOLD Market to 25%" soon. This means that the assets users are able to borrow by supplying the same amount of SUNOLD will shrink, and the account with SUNOLD enabled as collateral will be exposed to higher risks of liquidation if the price of SUNOLD falls. You can swap your SUNOLD tokens for the new SUN tokens (Swap portal on SunSwap). In the future, JustLend will consider supporting the supply and borrow markets for the new SUN.
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 will initiate relevant proposals soon, which will be implemented after they are approved through voting. Please closely follow JustLend proposals for more updates. Click to view all proposals
Thank you for your support to JustLend.
JustLend Team
July 5, 2021