Users in the Waves ecosystem found a common solution to overcome the liquidity crisis on the Vires.Finance platform.
Participants in the voting for Vires.Finance, the main lending platform of the Waves ecosystem more than three quartersdecided to approve the solution plan called “DeFi Revitalization Plan”.
Under this plan, in USDT or USDC on the Vires.Finance platform More than $250,000 left users, their money or draw right away or the liquidity crisis in question pull after end may request for.
This solution plan sent to the platform reduce withdrawal requests and so alleviate the liquidity crisis Waiting.
used in Vires.Finance and an algorithmic stablecoin USDN, which is in April Fixed rate with US dollar had lost. This event is at the market value of USDN 200 million dollars downsizing and Vires.Finance’s into a liquidity crisis led to
Sasha Ivanov, co-founder of Waves, to alleviate this crisis If he borrows $500 million Also, the platform still owes its users there is.
With the approval of the new solution plan, he will be able to withdraw his money from the platform. draw right away position of users in USDN will be closed. For these USDNs A waiting period of 365 days and additional users a 5% bonus payable.
Users who want to receive their money later will be paid when the conditions in the market improve. Users can not make any payment until this payment is made. passive income won’t get it.