Announcement on some USN liquidation and minimum staking ratio adjustment

Dear user:

Hello! For the control risk, Defibox will adjust the liquidation of the relevant collateral in USN system at 15:00 on November 14, 2022 (SGT). Please pay attention to your collateral in time to avoid the risk of liquidation, the new parameters:

• USDT liquidation 120% adjusted to 112%;
• BOX liquidation 145% adjusted to 135%;
• bUSDT liquidation 120% adjusted to 112%;
• EOS+BOX LP liquidation 145% adjusted to 135%;
• USN+BOX LP liquidation 140% adjusted to 135%;
• USN+USDT LP liquidation 130% adjusted to 112%;

At the same time, Defibox will raise the minimum position control of the parameter in USN (note: the adjustment won't cause liquidation):

• The EOS minimum staking ratio is 142%
• The USDT minimum staking ratio is 118%
• The BOX minimum staking ratio is 150%
• The DEX minimum staking ratio is 250%
• The EOS+USDT LP minimum staking ratio is 142%
• The EOS+USN LP minimum staking ratio is 142%
• The EOS+BOX LP minimum staking ratio is 150%
• The USN+BOX LP minimum staking ratio is 150%
• The USN+USDT LP minimum staking ratio is 118%
• The EOS+DEX LP minimum staking ratio is 250%
• The bUSDT minimum staking ratio is 118%

Friendly reminder: Due to rapid market change, please be cautious about your debt risk and adjust your debt in time to avoid liquidation. Please take your own risk to use leverage.

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
November 10, 2022