Update on the Closure of Wing Finance Flash Pools
As part of our continuous effort to streamline protocol operations and enhance our risk management strategies, Wing Finance has decided to shut down the Flash Pools on both the BNB Chain and Ethereum networks.
Please take note of several important changes during this transition. First, all supplying and borrowing functionalities are now turned off. If you currently have an active loan, you are provided a 7-day period to fully repay your outstanding balances. It is crucial to understand that any positions remaining after this timeframe will be liquidated at a 110% ratio.
We highly encourage all participating suppliers and borrowers to log in, evaluate their current positions, and make the necessary arrangements without delay.
For a comprehensive overview of our procedures, please review the complete plan at the following link: https://medium.com/@Wing_Finance/wing-ethereum-and-bnb-chain-flash-pool-closure-and-liquidation-plan-2a0909f9e1ef
As part of our continuous effort to streamline protocol operations and enhance our risk management strategies, Wing Finance has decided to shut down the Flash Pools on both the BNB Chain and Ethereum networks.
Please take note of several important changes during this transition. First, all supplying and borrowing functionalities are now turned off. If you currently have an active loan, you are provided a 7-day period to fully repay your outstanding balances. It is crucial to understand that any positions remaining after this timeframe will be liquidated at a 110% ratio.
We highly encourage all participating suppliers and borrowers to log in, evaluate their current positions, and make the necessary arrangements without delay.
For a comprehensive overview of our procedures, please review the complete plan at the following link: https://medium.com/@Wing_Finance/wing-ethereum-and-bnb-chain-flash-pool-closure-and-liquidation-plan-2a0909f9e1ef
