Dear users,
As part of JustLend DAO's ongoing efforts to maintain a resilient and sustainable lending ecosystem, the USD1 market is entering the first phase of its orderly offboarding process.
The Supply and Borrow functions for the USD1 market will be disabled soon. Once this update takes effect, users will no longer be able to open new supply or borrow positions involving USD1. Existing positions will remain supported and can continue to be managed during the transition period.
Recommended Actions for Users
To facilitate a smooth transition, users are encouraged to take note of the following:
Users supplying USD1: Please consider withdrawing and closing your USD1 supply positions before the USD1 market is fully offboarded.
Users borrowing USD1: Please consider repaying your outstanding USD1 loans and closing your borrow positions during the transition period.
All users with positions in the SBM-USD1 market: Please continue to actively monitor and manage your positions to maintain a healthy account status throughout the offboarding process.
Additional proposals relating to the USD1 offboarding process, including adjustments to relevant market parameters, are expected to be introduced at a later stage. Further details will be communicated through subsequent announcements.
Thank you for your continued support and understanding.
JustLend DAO
September 16, 2026 (Singapore time)