Attention to the Kava community.
06 Jan 2023, 09:30
🚨 Attention to the Kava community 🚨
If you've supplied USDX to Lend, we recommend you repay all your borrow positions on the Lend protocol to avoid liquidations for an upcoming governance proposal, turning the TVL for USDX to zero.
We will give users sufficient time before we take any action to give everyone time to close their borrow positions before the change goes into effect on the Lend protocol.
The timeline for the governance proposal to be submitted is still to be announced. However, there is still a significant amount of borrows against USDX, and we can only make necessary technical changes once those positions are closed out.
Therefore, we heavily encourage everyone to close their borrow positions if they borrowed assets against supplied USDX.
Thank you for being so cooperative.
Importantly, you don't need to remove USDX from the Lend protocol. You can continue earning KAVA rewards for your supplied USDX.