On June 26, Parallel Network posted on the X platform that the Liquidation threshold of its NFT lending platform will be lowered by 1% every day until it is adjusted to the target value. For example, the BAYC threshold will be lowered from 80% to 65%, and the MAYC will be lowered from 70% to 65%. Parallel said that the threshold reduction will affect the loan health coefficient, and users are advised to pay attention to the liquidation risk.
Previously, Parallel Network said that due to the recent fluctuations in the NFT market and the downward price, it will adjust the parameters of the NFT lending agreement to reduce systemic risks.
Parallel Network: The loan clearing threshold will be lowered by 1% every day until the target value, please pay attention to the liquidation risk
2024-06-26 07:47:40
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