As a plan to avoid further losses by the community and due to the recent events , VIP-28 will allow updates on collateral factors for SXP and XVS. As per community feedback and a thorough risk assessment based on market volume, depth level, market making level and volatility level.
In order to save time, due to the latest FUD attempts on our community, we have decided to immediately submit a 10% ratio adjustment to avoid the involved bad actors to keep preying on us.
We will keep slowly reducing the collateral ratios 5% per week until a collateral factor of 55% is reached to give everyone a fair chance to repay their outstanding loans.
Collateral Factor Adjustment:
** XVS — 80% to 70%**
** SXP — 80% to 70%**