WEMIX. Fi - Lend & Borrow Service Normalization Schedule Release. Official WEMIX Site Announcement:.
09 Aug 2023, 07:18
WEMIX.Fi - Lend & Borrow Service Normalization Schedule Release
Official WEMIX Site Announcement:
As previously announced, the WEMIX team has suspended the Lend & Borrow service out of concern that the mToken (Multichain Token) price may fluctuate due to the temporary suspension of the Multichain bridge service. To minimize the user inconvenience from the extended service suspension, the WEMIX team is set to carry out the service normalization process, starting Aug. 24th.
[1st: LTV Adjustment]
• Schedule: Aug.24th, 2023 at 15:00 (KST)
• Details: Collectively adjust the LTV (Loan to Value) of mToken to 0%
• Affected Assets: A total of 6 assets (mBTC, mETH, mBNB, mUSDC, mUSDT, mKLAY)
※ After the first adjustment on Aug. 24th at 15:00 (KST), loans using mToken as collateral may be liquidated. So, we recommend that you repay before the adjustment schedule to avoid any loss of assets.
※ Deposited assets can be withdrawn until the completion of all assets withdrawal.
[2nd: Reopening of Borrow Service]
• Schedule: Aug. 25th, 2023 at 15:00 (KST)
• Details: Borrow service of WEMIX, WEMIX$, stWEMIX reopens
Thank you.
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1
09 Aug 2023, 07:23
- Lend & Borrow Service Normalization Schedule Release
To minimize the user inconvenience from the extended service suspension, the #WEMIX team is set to carry out the service normalization process from Aug 24th - Aug 25th.
Notice:
- Lend & Borrow Service Normalization Schedule Release.
https://t.co/Lba9djIL0c - Lend & Borrow Service Normalization Schedule Release
To minimize the user inconvenience from the extended service suspension, the #WEMIX team is set to carry out the service normalization process from Aug 24th - Aug 25th.
Notice: https://t.co/UBX3QVCZEL