Zethyr Finance 2 is finally here (almost, teehee)
August 31 2020
My fellow Zethyrians,
I’m very excited to let you know that Zethyr Finance 2 will be launched by the end of September, 2020.
Upon the 2.0 release, Zethyr Finance will be a TRON decentralised finance protocol, aggregating yields from both centralised and decentralised protocols across the market for the best yields in aggregate. Simply put, Zethyr Finance will constantly move funds to places with highest yields, maximising returns for Zethyrians.
As you may have already been aware, in Zethyr Finance 2.0, not only can you borrow but also lend your idle TRON tokens to Zethyr to maximise your yields. At the beginning, Zethyr will accept USDT, TRX, WIN and BTT as collaterals while offering USDT and TRX for borrowing. There are a lot of big gifts for you in Zethyr Finance 2.0 and we will slowly introduce them in subsequent weekly blogs.
For this week, we want to announce that the liquidation ratio for WIN and BTT will be raised to 200% by 0000 Eastern Time 7 September 2020. This change accords with popular requests from Zethyrians. Also, since in Zethyr Finance 2.0, the lending pools will consist of Zethyrians’ capital. Therefore, it is our most important priority to protect your capital.
So what this change in liquidation ratio means for you:
- If your current collateral ratio is above 200%, this change will not affect you.
- If your current collateral ratio is between 150 – 200%, please try to raise it above 200% by 0000 Eastern Time, 7 September 2020. We understand that this may pose difficulty for some of you in such a short amount of time so, if you can’t, we will not liquidate you. However, you will no longer be able to borrow unless you raise your collateral ratio above 200%. Once your collateral ratio is above 200%, your liquidation ratio will automatically change to 200%.
- If your current collateral ratio is below 150%, this change will not affect you either, my dear – liquidation coming…
If you have any questions or feedback, please let us know in our Zethyr telegram.
Stay tune to know what will be coming in Zethyr Finance 2.0