Waves Ecological Lending Protocol Vires Finance Community Approves a Proposal to Alleviate Liquidity Crisis

The public chain Waves ecological lending protocol Vires Finance community voted to approve a proposal that gives all users with accounts worth more than $250,000 (in terms of USDT and USDC) two options, one is to transfer their positions with a vesting period of 365 days Switch to USDN and get an additional 5% liquidation bonus; another option is to continue to remain on the platform in the form of USDT or USDC, with an APY of 0%, and Sasha will continue to liquidate USDN as usual and repay according to market conditions, However, liquidity cannot be guaranteed. At the end of May, Waves launched the "Waves DeFi Restructuring Plan", which aims to avoid losses for all Waves protocol users and restore the full functionality of the DeFi protocol in its ecosystem.