According to Odaily Planet Daily, Parallel Network announced on the X platform that the lending and liquidation threshold of its NFT lending platform will be reduced by 1% every day until it is adjusted to the target value. For example, the threshold of BAYC will be reduced from 80% to 65%, and that of MAYC will be reduced from 70% to 65%. Parallel Network stated that the reduction in the threshold will affect the health factor of lending, and users need to pay attention to liquidation risks. Previously, in response to the recent volatility in the NFT market and the downward trend in prices, Parallel Network decided to adjust the parameters of the NFT lending protocol to reduce systemic risks.
