Sui Ecosystem NAVI Protocol's main market assets will be migrated to an independent isolated market

robot
Abstract generation in progress
ME News Report, June 8 (UTC+8), Sui Ecosystem Lending Protocol NAVI Protocol posted on Twitter that some assets in its main market will gradually migrate to their respective independent isolated markets, starting from June 8 over a period of 4 weeks.
Assets involved in the migration include xAUM, CETUS, HAEDAL, NS, BLUE, and IKA.
During the migration, from Week 1 onwards, the supply cap, borrowing cap, and loan-to-value (LTV) ratio of affected assets in the main market will be gradually lowered, new deposits will no longer be accepted, existing loans can be retained but no new borrowing rights will be granted;
Starting from Week 3, the liquidation threshold will begin to decrease, at which point users who have not adjusted their positions may see their health factors decline and face liquidation risks.
NAVI Protocol recommends users check their positions early and migrate to the corresponding new markets to avoid additional pressure at the final stage. (Source: Foresight News)
SUI2.7%
NAVX-0.45%
CETUS1.82%
HAEDAL0.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned