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

Dear user:

Hello! After fully considering market demand and security assessment, Defibox has launched a new USN multi-collateral token - bBOX , adding bBOX tokens as collateral to generate USN. Specific parameters as follows:

• bBOX: The minimum collateralization ratio is 175%, the liquidation ratio is 145%, and the liquidation penalty is 5%;

About bBOX (contract: btoken.defi) token:

bBOX is the asset certificate that the system returns to you after you deposit the BOX token (contract: token.defi) into the lending (contract: lend.defi). While obtaining the interest and mining from deposit , you can stake bBOX 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
May 12, 2022