Announcement on lending support currency rules and some currency parameter reductions

Dear user:

Hello! After Defibox has conducted a comprehensive security assessment and integrated the current market situation, considering that if the Swap pot is shallow, the price is easy to be manipulated and cause liquidation. Therefore, out of consideration for the stability of the lending market, the recent lending agreement will be gradually withdrawn from the shelves. Currencies with a one-sided pot of less than 1,000,000 USD in the Swap protocol.

Defibox will complete the adjustment of the maximum pledge rate LTV and liquidation ratio of the following currencies before 15:00 (SGT) on February 8, 2023. This adjustment will have an impact on the health factors of some debt positions. Please adjust your debt position in time to avoid losses caused by the liquidation change where health factor < 1. The liquidation ratio is adjusted daily according to the actual situation to avoid liquidation of large debt positions. The adjusted parameters are as follows:

• The maximum pledge rate of USN currency is 30%, and the liquidation ratio is 60%;
• The maximum pledge rate of BOX currency is 30%, and the liquidation ratio is 60%;
• The maximum pledge rate of EOS+USN LP is 30%, and the liquidation ratio is 60%;
• The maximum pledge rate of EOS+BOX LP is 30%, and the liquidation ratio is 60%;
• The maximum pledge rate of USN+BOX LP is 30%, and the liquidation ratio is 60%;
• The maximum pledge rate of USN+USDT LP is 30%, and the liquidation ratio is 60%;

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
February 1, 2022