Collateral Factor Increase on OKExChain

Oct 19, 2021 2:40:18 AM / by DeFiner Tech Team

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/

DeFiner Tech Team

Written by DeFiner Tech Team

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