shut down

being shut down

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4/ Liquidations occur when a user’s Loan-to-Value Ratio exceeds the threshold.

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2/ You’re able to borrow against your collateral assets and get additional token exposure to the #DeFi markets.

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1/ Collateral assets like $BTC, $ETH and $USDC can be supplied on #Umee and earn interest on your tokens.

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2/ If a user's collateral position falls below the LT, the protocol automatically sells some of the loan’s collateral to rebalance the debt. ✅

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1/ ✍️ Liquidation Threshold (LT) is the point at which a user's collateral falls below a certain point

🚨 This triggers a liquidation event to repay the debt

🩺 Thresholds are set to ensure users are able to maintain healthy collateral ratios, and avoid defaults on loans.

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@chernobriwcew1 @brandoncomer @wozchain @stride_zone @interchainriley GM 🤗

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@stride_zone @quicksilverzone @ojo_network @cosmos 6/8 It’s important for #Umee to list these important components to help accelerate MASS adoption and usage of lending and borrowing across the ecosystem.

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4/8 This means we can unlock A LOT of use-cases for these newly introduced tokens:

🌊 🪙 Liquid staking tokens: @Stride_zone + @quicksilverzone

🔒 🪙 Cosmos Stablecoins $IST and $USK

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3/8 Concurrently, the Historacle uses customized algorithms based on asset specific use-cases and their risk profiles to manage prices used for borrowing, lending, collateralization, and liquidation.

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@DJ_Eion Always! 💪🐙

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Like slow down fr 😭

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@POpsTeam1 Thank you for the feature, great read!

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@umee_intern This 👆

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@yieldmos @Ledger @osmosis @SecretNetwork Thank you guys for integrating auto-compounding into #Umee's staking rewards 🥳

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@shrute_buck @AdoraSquids @StargazeZone @Cosmos_Spaces Love it #SquidSquad ❤️😆

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🚨 JUST IN: Crypto lending firm Genesis is reportedly filing for bankruptcy as early as this week.

#DeFi > #CeFi

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“DeFi has inherent transparency and auditability that should be fostered to defend against these kinds of centralized failings” 🤝

#DeFi > #CeFi

Read More ⤵️
https://t.co/Y6xhhE6EW9