Announcement on the parameters adjustment of the relevant USN collateral and Lend

Dear user:

Hello! For risk control considerations, Defibox will adjust the parameters of relevant USN collateral and Lend as follows:

1. The lending protocol will delist DEX and DFS, which cannot be used as collateral in the future, and the lending function is closed; and DEX tokens, DFS tokens and EOS+DEX LP certificates are gradually delisted;
2. The lending protocol lowers the relevant parameters of BOX, USN, EOS+BOX、EOS+USN、USN+USDT、USN+BOX LP certificates. The parameters are all 50% LTV and 70% liquidation
3. DEX tokens and EOS+DEX LP certificates will be delisted under the USN protocol;
4. The USN protocol lowers BBOX、BOX, EOS+BOX, USN+BOX, EOS+USN or any other concerning LP related parameters;

Friendly reminder: The above adjustments will be implemented gradually according to the actual situation, and the health factors of the relevant debt positions will also be affected. Please adjust the debt positions in time to avoid losses.

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
January 16, 2023