Important Announcement: Schedule for Delistings of Long Tail Assets (Phase 1)

Delisting List of Long Tail Assets

According to the voting results of WIP34, WePiggy will start delisting the following assets:

1、YFII (Network: ETH)
2、xLON (Network: ETH)
3、MASK (Network: BSC)
4、NULS (Network: BSC)
5、HPT (Network: HECO)
6、MDX (Network: HECO)
7、CHE (Network: OEC)
8、dQUICK (Network: Polygon)

Delisting Schedule

In order to better implement WIP34, WePiggy protocol will gradually complete the delisting of assets as below schedule:

2022/1/12 (Wednesday):
Set the WPC distribution reward to 0 WPC/block
Disable the deposit/borrow function
Adjust the reserve factor to 100%

2022/1/17 (Next Monday):
The first time for the LTV ratio adjustment

2022/1/24:
The second time for the LTV ratio adjustment

2022/1/31:
The third time for the LTV ratio adjustment

Important Advice:

To prevent liquidation due to the adjustment of the LTV ratio, the core development team recommends that all users who used the above assets as collateral and borrowed any assets should repay immediately and withdraw all above assets.

In addition, to thoroughly implement the delisting process, it is hoped that all users who have used any other assets as collateral and borrowed above assets, please repay your borrowings immediately.

Future Planning

The core development team will plan and develop special lending products for long-tail assets as soon as possible to completely isolate the risk between mainstream core assets and long-tail assets.

And relist these long-tail assets in new lending product.

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A Crypto Money Market Protocol | Focus on building decentralized financial infrastructures | DeFi users’ good friend | In piggy, we get rich!

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WePiggy.com

WePiggy.com

A Crypto Money Market Protocol | Focus on building decentralized financial infrastructures | DeFi users’ good friend | In piggy, we get rich!

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