ParaSpace: Due to the price fluctuations of Azuki, it has been decided to suspend the recharge, withdrawal, and liquidation functions of the Azuki mining pool

ChainCatcher news, the NFT lending protocol ParaSpace officially stated that due to the severe fluctuations in the price of Azuki, the team has decided to suspend the Azuki mining pool, including functions such as deposits, withdrawals, and liquidations. This measure aims to give users more time to replenish liquidity, repay loans, and improve health status. As for the liquidation of Azuki, any shortfall at the end of the suspension will be covered by ParaSpace's reserve funds, and related functions will be restored once the market stabilizes.

Previous report, last night ParaSpace has currently suspended the liquidation of 12 Azuki-related collateral loans. At present, the number of suspended liquidations for Azuki has reached 20. (Source link)