Announcement on Defibox's new USN collateral bUSDT (contract: btoken.defi)

Dear user:

Hello! After fully considering market demand and security assessment, Defibox has launched a new USN multi-collateral token - bUSDT at 15:00 on March 31, 2022(SGT), adding bUSDT tokens as collateral to generate USN. Specific parameters as follows:

• bUSDT: The minimum collateralization ratio is 140%, the liquidation ratio is 120%, and the liquidation penalty is 5%;

About bUSDT (contract: btoken.defi) token:

bUSDT is the asset certificate that the system returns to you after you deposit the USDT token (contract: btoken.defi) into the lending (contract: lend.defi). While obtaining the interest and mining from deposit , you can stake bUSDT through the USN system to generate USN , which can be used for market making or re-deposit in lending to obtain more benefits.

Friendly reminder:

Please pay attention to the debt position risk caused by market fluctuations, please adjust the debt position in time to avoid the liquidation of the debt position, and use leverage tools cautiously under the premise of taking your own risks.

Defibox community:
International Community：https://t.me/Defibox_official
Chinese Community：https://t.me/DefiboxCN

Thank you for your support and attention to Defibox!
Defibox Project Executive Team
March 28, 2022