TechFlow news, Vires Finance, a lending platform in the Waves public blockchain ecosystem, has submitted a community proposal suggesting to reduce the collateral factor for USDN and USDC on the Waves ecosystem from 90% to 80%, and set the single liquidation ratio at 1%.
Previously reported, on April 4, Waves' stablecoin USDN became de-pegged, dropping to $0.83. At the time of writing on the 13th, Chainlink data shows USDN's price at $0.9811.
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