The proposal to adjust the borrowing limit for Compound has been approved

2022-11-29 10:41:49

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ChainCatcher news, the proposal to adjust the borrowing limits on the decentralized finance lending platform Compound Finance has been approved. The platform will update parameters to maintain the overall risk tolerance of the protocol, preventing "bankruptcy risks caused by liquidation cascades" and "high utilization risks," while balancing risks among specific assets.

It is reported that tokens with lower liquidity on Compound will be affected to some extent, such as the borrowing limit for Yearn.finance's token YFI being reduced from 1,500 to only 20, the borrowing limit for WBTC has been lowered to 1,250, and the borrowing limits for UNI and COMP have been reduced from 11.25 million and 150,000 to 550,000 and 18,000, respectively. (source link)

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Compound YFI WBTC

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