Lend & Borrow WEMIX$ Liquidation Relief Measures. Official WEMIX site announcement :.
06 Aug 2024, 08:20
Lend & Borrow WEMIX$ Liquidation Relief Measures
Official WEMIX site announcement :
On July 30th, a sudden price drop in WEMIX$ led to the liquidation of positions in the WEMIX$-collateralized Lend & Borrow service.
Upon confirming the liquidations, the WEMIX Team temporarily suspended the Lend & Borrow service to conduct a thorough investigation and implement necessary measures. The service was fully restored on August 1st, and the WEMIX$ price has remained stable since.
Following our priority of stabilizing the service, a comprehensive review of the details has been conducted, and an update on the situation and subsequent actions is now being provided.
[Liquidation]
• Liquidations in lending services occur due to price fluctuations of collateral and loaned assets, serving as a critical function to protect deposited assets and maintain the stability of the lending service.
• The WEMIX.Fi Lend & Borrow service utilizes a liquidation system based on price oracles, similar to other lending services. This recent liquidation proceeded according to the predefined process. However, it was identified that the volatility of a small liquidity size of MLP significantly influenced the WEMIX$ price during the oracle’s validation process.
[Relief]
• Liquidations in lending services constitute a potential risk factor, and it is customary that no separate preservative measure is provided for liquidated collateral assets. Therefore, users must exercise diligent management of their debt ratios.
• However, considering the impact of the volatility of the small liquidity size of MLP on the WEMIX$ price during this liquidation, the WEMIX Team conducted a thorough review.
• Following extensive deliberation, it was concluded that this liquidation was an anomalous event rather than a requisite process for maintaining service stability. Therefore, it has been decided to preserve the losses incurred due to the liquidation.
The relief measures for the liquidation will be carried out as follows.
[Measures]
• Preserve the difference between the liquidated collateral value and the borrowed loan value
• Preserve the losses on liquidated collateral due to liquidation fees
• Preserve the Lend assets by having the foundation repay the bad debt arising from liquidation on behalf of the borrowers
The required preservation will be calculated after a detailed review of the liquidated WEMIX$ collateral loan positions and will be directly transferred to the affected wallets within a maximum of 7 business days.
※ Preservation procedures are scheduled for next week. Please refer to the sheet below for more details.
[Lend & Borrow] WEMIX$ Compensation Plan
The WEMIX Team remains steadfast in its commitment to enhancing the stability of the WEMIX$ service through initiatives such as the establishment of new MLPs.
Thank you.
[Link]
• WEMIX.Fi :
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27510 Aug 2024, 02:23
Good morning everyone 🙏
Good morning everyone.
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10 Aug 2024, 02:04
Notice of Planet Digital Wallet Maintenance
We will be conducting server maintenance for PLANET DIGITAL WALLET to enhance security and perform checks on related library versions.
August 10, 2024, from 15:00 to 17:00 JST
Notice of Planet Digital Wallet Maintenance.
Notice of Planet Digital Wallet Maintenance
We will be conducting server maintenance for PLANET DIGITAL WALLET to enhance security and perform checks on related library versions.
August 10, 2024, from 15:00 to 17:00 JST
10 Aug 2024, 02:00
BTSE Bytes 8/10 📆
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BTSE Bytes 8/10. 24hr changes: BTC -1. 32% , ETH -2. Here's your daily dose of crypto industry news to start your trading day.
BTSE Bytes 8/10 📆
🌍 24hr changes: BTC -1.32% , ETH -2.45%
Here’s your daily dose of crypto industry news to start your trading day 🚀
1️⃣ Bitcoin bull-bear cycle indicator flips bullish as price holds $60K’ (source)
2️⃣ Tether’s USDT achieves $115B market cap milestone (source)
3️⃣ US Solana ETF Hinges On Regulatory “Soft Fork”: VanEck Exec (source)
4️⃣ XRP or MPEPE: Which Crypto Will Bring More Life-Changing Profits (source)
📌 Subscribe to BTSE Blog, Telegram channel & Twitter for more updates
📌 Trade crypto on BTSE
📌 Stake crypto on BTSE for >18% interest
10 Aug 2024, 00:27
telegram news 10 August 2024 00:27
https://x.com/tribal_crypto/status/1822055412373274632?s=46&t=dXEfgGQU_FdGFPTZQ20gHQ
09 Aug 2024, 22:53
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09 Aug 2024, 22:53
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09 Aug 2024, 22:43
telegram news 09 August 2024 22:43
https://fixupx.com/Zenon_Network/status/1822040710599565316
09 Aug 2024, 21:06
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09 Aug 2024, 21:02
telegram news 09 August 2024 21:02
https://x.com/meter_io/status/1821985791348019456?s=46
09 Aug 2024, 19:00
Sharing the latest update of the Q3 roadmap with the progress made so far and what’s ahead for the remainder of the quarter.
Sharing the latest update of the Q3 roadmap with the progress made so far and what's ahead for the remainder of the quarter.
Sharing the latest update of the Q3 roadmap with the progress made so far and what’s ahead for the remainder of the quarter.
09 Aug 2024, 18:47
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09 Aug 2024, 18:33
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09 Aug 2024, 18:19
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Reality Rush Staking Update. All the stakers for Reality Rush have opportunity to claim their RMV tokens.
🚀 Reality Rush Staking Update 🚀
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09 Aug 2024, 18:02
UNS ✅
telegram news 09 August 2024 18:02
UNS ✅
09 Aug 2024, 17:58
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09 Aug 2024, 17:24
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09 Aug 2024, 17:03
Crypto news weekly digest📲
📍ARK Invest sold $14.8 million worth of Coinbase shares on Thursday ahead of the exchange's earnings report.
📍AEVO crashed to 90% of its high.
📍Microsoft declares OpenAI to be both a "strategic partner" and a "competitor" in its SEC filing.
📍The Ronin hacker has returned almost all the funds and will receive a reward from the project team.
📍The court ordered Ripple Labs to pay a $125 million fine in a lawsuit filed by the SEC.
📍Metaplanet arranges a loan for the purchase of BTC in the amount of $6.8 million.
📍Xiaomi 15 will feature Google's Gemini AI.
📍Do Kwon's extradition from Montenegro has been postponed again.
Learn more:
Crypto news weekly digest. ARK Invest sold $14.
Crypto news weekly digest📲
📍ARK Invest sold $14.8 million worth of Coinbase shares on Thursday ahead of the exchange's earnings report.
📍AEVO crashed to 90% of its high.
📍Microsoft declares OpenAI to be both a "strategic partner" and a "competitor" in its SEC filing.
📍The Ronin hacker has returned almost all the funds and will receive a reward from the project team.
📍The court ordered Ripple Labs to pay a $125 million fine in a lawsuit filed by the SEC.
📍Metaplanet arranges a loan for the purchase of BTC in the amount of $6.8 million.
📍Xiaomi 15 will feature Google's Gemini AI.
📍Do Kwon's extradition from Montenegro has been postponed again.
Learn more:
https://emirex.com/news/crypto_news_weekly_digest_09_08_2024
09 Aug 2024, 16:59
This Week’s Developer Update at Rejuve.AI ✅
🔄 Terra API Development:
Significant progress has been made, and the integration is now working properly. We are currently organizing the various data types collected from the wearables. This health data will be used to enhance our AI models.
📊 Bayes NET:
Priors calculations are complete, as well as the discrete distributions for the model. The next step is to set up the server to create the model.
📈 Biological Age Calculator:
Performance metrics are being optimized, and the model is being improved to connect to the Longevity app.
🔜 Stay tuned for more updates!
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
This Week's Developer Update at Rejuve. Terra API Development:.
This Week’s Developer Update at Rejuve.AI ✅
🔄 Terra API Development:
Significant progress has been made, and the integration is now working properly. We are currently organizing the various data types collected from the wearables. This health data will be used to enhance our AI models.
📊 Bayes NET:
Priors calculations are complete, as well as the discrete distributions for the model. The next step is to set up the server to create the model.
📈 Biological Age Calculator:
Performance metrics are being optimized, and the model is being improved to connect to the Longevity app.
🔜 Stay tuned for more updates!
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
09 Aug 2024, 16:59
This Week’s Developer Update at Rejuve.AI ✅
🔄 Terra API Development:
Significant progress has been made, and the integration is now working properly. We are currently organizing the various data types collected from the wearables. This health data will be used to enhance our AI models.
📊 Bayes NET:
Priors calculations are complete, as well as the discrete distributions for the model. The next step is to set up the server to create the model.
📈 Biological Age Calculator:
Performance metrics are being optimized, and the model is being improved to connect to the Longevity app.
🔜 Stay tuned for more updates!
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
This Week's Developer Update at Rejuve. Terra API Development:.
This Week’s Developer Update at Rejuve.AI ✅
🔄 Terra API Development:
Significant progress has been made, and the integration is now working properly. We are currently organizing the various data types collected from the wearables. This health data will be used to enhance our AI models.
📊 Bayes NET:
Priors calculations are complete, as well as the discrete distributions for the model. The next step is to set up the server to create the model.
📈 Biological Age Calculator:
Performance metrics are being optimized, and the model is being improved to connect to the Longevity app.
🔜 Stay tuned for more updates!
🌐 Social Media Channels
Twitter | Telegram Chat |Telegram Announcements| Blog | LinkedIn | Instagram | Facebook | Discord | YouTube
09 Aug 2024, 16:18
Why Dynex’s Recent Deal with Sona Vallippa Group’s Vee Technologies is a Quantum Leap for Enterprise Computing
Why Dynex's Recent Deal with Sona Vallippa Group's Vee Technologies is a Quantum Leap for Enterprise Computing.
Why Dynex’s Recent Deal with Sona Vallippa Group’s Vee Technologies is a Quantum Leap for Enterprise Computing
https://uk.finance.yahoo.com/news/why-dynex-recent-deal-sona-200000628.html?soc_src=social-sh&soc_trk=ma