Dear FA Global XGP Family Members,
We would like to inform you of important security enhancements and functionality updates to our DeFi Service.
Previous Liquidation Conditions
Following a DeFi application:
1. Liquidation occurred 24 hours after the collateral value fell below 60% of the value at the time of the DeFi application.
2. Members were required to pay monthly interest in XGP equivalent to 1% of the USDT received through the DeFi service. Liquidation would occur 7 days after three consecutive months of unpaid interest.
---
Updated Liquidation Conditions
Effective immediately:
- Liquidation will occur if the collateral value remains below 60% of the original DeFi application value for 7 consecutive days.
Important Notice
As a result of this update to the liquidation policy, accounts that were previously liquidated will be reviewed and granted relief in accordance with the new liquidation conditions as of the date of this announcement.
All DeFi participants are advised to carefully monitor their collateral ratio to ensure that it does not remain below 60% for more than 7 consecutive days.
Please note:
- If the collateral value recovers to 60% or above within the 7-day period, the liquidation countdown will automatically reset.
- Once the updated liquidation conditions are met, liquidation may proceed.
- Any liquidation confirmed after this update will be final and cannot be reversed or restored.
Accounts Eligible for Relief Review
- ke***23
- ma***07
- gp***118
- tae**234
- h**56
- um***72
- zx***nm
- o**1
- sa**1
- y**1
- y**9
Thank you for your continued support and cooperation.
FA Global XGP Server Maintenance Team
Dear FA Global XGP Family Members,
We would like to inform you of important security enhancements and functionality updates to our DeFi Service.
Previous Liquidation Conditions
Following a DeFi application:
1. Liquidation occurred 24 hours after the collateral value fell below 60% of the value at the time of the DeFi application.
2. Members were required to pay monthly interest in XGP equivalent to 1% of the USDT received through the DeFi service. Liquidation would occur 7 days after three consecutive months of unpaid interest.
---
Updated Liquidation Conditions
Effective immediately:
- Liquidation will occur if the collateral value remains below 60% of the original DeFi application value for 7 consecutive days.
Important Notice
As a result of this update to the liquidation policy, accounts that were previously liquidated will be reviewed and granted relief in accordance with the new liquidation conditions as of the date of this announcement.
All DeFi participants are advised to carefully monitor their collateral ratio to ensure that it does not remain below 60% for more than 7 consecutive days.
Please note:
- If the collateral value recovers to 60% or above within the 7-day period, the liquidation countdown will automatically reset.
- Once the updated liquidation conditions are met, liquidation may proceed.
- Any liquidation confirmed after this update will be final and cannot be reversed or restored.
Accounts Eligible for Relief Review
- ke***23
- ma***07
- gp***118
- tae**234
- h**56
- um***72
- zx***nm
- o**1
- sa**1
- y**1
- y**9
Thank you for your continued support and cooperation.
FA Global XGP Server Maintenance Team