USN New Play: Much Borrow, Much Prosperity
Mar 31, 2022
After fully considering market demand and security assessment, Defibox has launched a new USN multi-collateral token — bUSDT at 15:00 on March 31, 2022(SGT), adding bUSDT tokens as collateral to generate USN. Specific parameters as follows:
- bUSDT: The minimum collateralization ratio is 140%, the liquidation ratio is 120%, and the liquidation penalty is 5%;
About bUSDT (contract: tethertether) token:
bUSDT is the asset certificate that the system returns to you after you deposit the USDT token (contract: tethertether) into the lending (contract: lend.defi).
USN New Play: Much Borrow, Much Prosperity
While obtaining the interest and mining from deposit , you can stake bUSDT through the USN system to generate USN , which can be used for market making or re-deposit in lending to obtain more benefits.