Important Announcement: WIP37 Delisting Some Assets to Ensure the Security of the Protocol (Phase 1)

WIP37 Delisting Execution (Phase 1)

WePiggy has delisted some assets according to WIP37 on 2022/5/24 (Phase 1) as below schedule:

  1. Set the WPC distribution reward to 0 WPC/block;
  2. Disable the borrow function, the withdraw&repay functions are not affected. You can find the delisted assets on the “My Assets” and perform withdraw/repay;
  3. Adjust the reserve factor to 100%

Delisting Schedule

Delisting Execution (Phase 2)

2022/6/13: Adjust LTV ratio of all delisted assets to 0%

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 the above assets, please repay your borrowings immediately.

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Know your cookies: checklist to make your Readymag website GDPR-friendly

[Webinar] Enhanced Security and Lifecycle Management Features in VMware vSphere 7.0 Update 2

5 Key Elements of Data Encryption Best Practices

Everything You Need to Shred in Your Home Office Now (and How to Do It)

Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership

Having a Proactive Cybersecurity Plan in a 5G World | Wickr

VulnCMS: 1 Walkthrough Vulnhub

How to protect your e-commerce business from online fraud

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
WePiggy.com

WePiggy.com

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

More from Medium

WePiggy Partners with BoringDAO to Build a Cross-Chain DeFi Ecosystem

Introduction to Centari Finance

Protect yourself from the whales' liquidation game

Bot Planet – a unique Multi-chain ecosystem