We are excited to announce a big move in EAST development: next week we're going to launch liquidation mechanisms.
01 Apr 2022, 13:21
🚀 We are excited to announce a big move in EAST development: next week we’re going to launch liquidation mechanisms!
It’s a huge leap for making EAST a complete algorithmic stablecoin, enabling true stablecoin functionality, when the token exchange rate is stable (1 EAST : 1$) in spite of market volatility.
⚠️ All the vaults with 130% and less collateral rate are subject to liquidation, so please check your vaults before the liquidation launch to avoid it❗️The exact time of the launch will be announced beforehand in this channel, and we’ll also send a reminder via e-mail to all EAST holders.
You can find more info in our new EAST blog. Subscribe and stay tuned! 🧑💻
Same news in other sources
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01 Apr 2022, 13:24
🔥Great news from our partners! Next week they’re planning to launch EAST liquidation mechanisms! It’s about time EAST become a complete algorhitmic stablecoin, check out the blog for details! And your EAST vaults of course😉
Blog:
Great news from our partners. Next week they're planning to launch EAST liquidation mechanisms.
🔥Great news from our https://t.co/vuSPIGXJhV partners! Next week they’re planning to launch EAST liquidation mechanisms! It’s about time EAST become a complete algorhitmic stablecoin, check out the blog for details! And your EAST vaults of course😉
Blog: https://t.co/C1iQEf2trq https://t.co/7zEkxRlBJS