Hey Port Mates,. Based on the recent volatility of UST, we have revised its risk parameters.
13 May 2022, 03:55
Hey Port Mates,
Based on the recent volatility of UST, we have revised its risk parameters. To protect the overall health of the platform, we have lowered the maximum LTV to 30% .
As such, a small number of users may not be able to withdraw and will require the user to add more collateral. You can also DM the admin for assistance.
Furthermore, we will be disabling borrowing against UST. If you have any existing positions borrowed against UST please close it or add more collateral.
Stay safe and remember to mitigate your risks accordingly 🙏🏼