We executed two proposals to disable XAI as collateral in markets where XAI was NOT used as collateral. (no users impacted).
09 May 2023, 15:07
We executed two proposals to disable XAI as collateral in markets where XAI was NOT used as collateral. (no users impacted).
Markets where XAI has zero borrowing power now:
cbETH, FRAX, LUSD, wstETH, XAI-WETH, QNT, DAI, LINK, USDT, CRV, CVX, gOHM, MKR, RAI, SNX, WBTC, YFI, 1INCH, BAL, FXS, RPL, ALCX, LQTY
What does Disabling XAI collateral mean?
- XAI will have zero borrowing power.
- You cannot borrow against XAI deposits.
- XAI deposits do not improve your Health Factor.
You can still deposit XAI to earn interest, and rewards if applicable. Deposit interest is earned when your deposit is borrowed out.
Executed transactions:
Transaction 11, 12: