TechFlow news — On September 2, according to an official announcement, Binance will adjust the collateral ratios of multiple crypto assets under its Portfolio Margin system starting at 06:00 (UTC) on September 3, 2024. The adjustment is expected to be completed within approximately one hour.
The specific changes are as follows: the collateral ratio for FLOKI will increase from 35% to 40%; TON will rise from 20% to 30%; DOGS, RENDER, SUN, and RARE will all see significant increases from 10% to 30%; ADX will increase from 10% to 20%.
Binance reminds users that changes in collateral ratios will affect the unified maintenance margin ratio (uniMMR). Users should closely monitor their uniMMR to avoid potential liquidations or losses resulting from these adjustments.
