TechFlow news, Maker announced that the RETH-A treasury is being removed from Maker.
The maximum debt ceiling for RETH-A has been reduced to zero. An upcoming executive vote will deploy the following parameter changes to complete the removal of RETH-A from the Maker protocol:
- Set the RETH-A liquidation ratio to 10,000%.
- Set the RETH-A liquidation penalty to 0%.
- Set the RETH-A proportionate kick incentive to 0%.
- Set the RETH-A flat kick incentive to 0.
Once all the above parameter changes are deployed to the Maker protocol, any RETH-A position with a collateralization ratio below 10,000% will be liquidated.
If you are an RETH-A user and wish to avoid liquidation, it is strongly recommended that you fully repay your DAI debt and close all your RETH-A vaults on the Maker protocol before the delisting is completed.
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