According to Foresight News, Parallel Network said that the lending and liquidation threshold of its NFT lending platform will be lowered by 1% every day until it reaches the target value. For example, the BAYC threshold will be lowered from 80% to 65%, and the MAYC and Wrapped Cryptopunks threshold will be lowered from 70% to 65%. Parallel said that the threshold reduction will affect the health factor of lending, and users are advised to pay attention to the liquidation risk.
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Parallel Network: The lending liquidation threshold will be lowered by 1% every day until it reaches the target value. Please pay attention to the liquidation risk.
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