@everyone.
17 Jun 2022, 05:59
@everyone
📢 As the market finally stabilized, Kine Protocol will officially perform liquidation for stakers that currently bear a debt ratio higher than 100%.
➡️ From now on, there are still 48hrs left before mass liquidation. Stakers, pls take this time to restore your debt ratio in order to avoid liquidation. As the liquidity for KUSD is thin on Pancakeswap, Kine team are providing OTC service for users to buy KUSD off-chain.
👉 The price will be the current KUSD price on PancakeSwap plus 0.01 (the lowest we can offer). Pls understand that we cannot offer a deal below peg or at peg in order to avoid malicious arbitrages.