Compound is shutting down its USDC market deployed on Scroll. Outstanding loans will be liquidated over the coming weeks.
The Compound Foundation explained the plan in a post on X. Scroll had previously asked users to manage their DeFi positions, and this shutdown is the next step at the market level.
· The impact is clear: users with outstanding loans who do not repay them will face liquidation of all outstanding loans over the coming weeks.
· No specific shutdown date or liquidation schedule by batch was provided.
If you have a loan in this market, would you repay it first or close the corresponding collateral position first?
$USDC
The Compound Foundation explained the plan in a post on X. Scroll had previously asked users to manage their DeFi positions, and this shutdown is the next step at the market level.
· The impact is clear: users with outstanding loans who do not repay them will face liquidation of all outstanding loans over the coming weeks.
· No specific shutdown date or liquidation schedule by batch was provided.
If you have a loan in this market, would you repay it first or close the corresponding collateral position first?
$USDC
