Good news, DeFiners. After considering all factors, DeFiner has decided to increase the collateral factor of four assets on OKExChain.
🌟The New Collateral Factors
Starting from Oct 20, 2021, UTC 00:00, DeFiner will increase the collateral factors of the following assets on OKExChain.
- BTCK 75% - 80%
- ETHK 70% - 75%
- OKT 60% - 65%
- OKB 60% - 65%
💁How Will This Benefit Our Users?
What does this mean to our users? The answer is simple: More Borrowing Powers! Let's say that Alex has $100 worth of BTC on DeFiner. Instead of borrowing $75 worth of other assets, he can now borrow $80 worth of assets. Not only did Alex gain more borrowing power, but he also increase his asset utilization rate.
💸Current Collateral Factors
Ethereum
| Token name | Token Symbol | Max Initial LTV | LTV Liquidation Threshold | Forced-Liquidation Collateral Discount | Self - Liquidation Collateral Discount |
| DAI | DAI | 60 | 85 | 5% | 2% |
| USD Coin | USDC | 60 | 85 | 5% | 2% |
| Tether | USDT | 60 | 85 | 5% | 2% |
| TrueUSD | TUSD | 60 | 85 | 5% | 2% |
| Maker | MKR | 60 | 85 | 5% | 2% |
| Basic attention token | BAT | 60 | 85 | 5% | 2% |
| 0x | ZRX | 60 | 85 | 5% | 2% |
| Augur | REP | 60 | 85 | 5% | 2% |
| WBTC | WBTC | 60 | 85 | 5% | 2% |
| LINK | Chainlink | 60 | 85 | 5% |
2% |
OKExChain
|
Token Name
|
Token Symbol | Collateral Factor | Liquidation Threshold | Forced Liquidation Collateral Discount | Self Liquidation Collateral Discount |
| BTC | BTCK | 80 | 85 | 5% | 2% |
| Ethereum | ETHK | 75 | 85 | 5% | 2% |
| OKExChain | OKT | 65 | 85 | 5% | 2% |
| OKB | OKB | 65 | 85 | 5% | 2% |
| Tether | USDT | 60 | 85 | 5% | 2% |
| CherrySwap | CHE | 50 | 85 | 5% | 2% |
| DeFiner | FIN | 30 | 85 | 5% | 2% |
🙋Have more questions?
Join our Discord or Telegram Channel and our friendly community manager will be able to help you.
Learn More About DeFiner:
🌍Website: https://definer.org
🪐Platform: https://app.definer.org
🚀Telegram Channel: @DeFiner
🐦Twitter : https://twitter.com/definerorg
👾Discord Channel: https://discord.com/invite/rUCBdTp
📌Reddit:https://www.reddit.com/r/DeFiner_Official/
