TechFlow News — Vires Finance, a lending platform in the Waves blockchain ecosystem, has launched a community proposal suggesting to reduce the collateral factor for USDN and USDC, two stablecoins within the Waves ecosystem, from 90% to 80%, and to set the single debt liquidation ratio at 1%.
Previous report, on April 4, Waves' stablecoin USDN became de-pegged, dropping to $0.83. At the time of writing, Chainlink data shows USDN trading at $0.9811.
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