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Moonwell Reduces Collateral Limits and Removes VELO and wrsETH as Collateral
(3 hours ago) · 1 source · Summarized by CryptoBipto
Moonwell, a decentralized lending protocol, has reduced collateral limits and removed VELO and wrsETH tokens from its accepted collateral list. The changes are intended to adjust risk parameters on the platform.
WHY IT MATTERS
In crypto lending, you deposit one type of cryptocurrency as a guarantee (called collateral) to borrow another.
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SOURCES
- thedefiant.io
RELATED
VELODeFiLending ProtocolsRisk ManagementCollateral
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