Announcement on the Solution for Wayki-CDP Users Liquidated due to October 22 WICC Market Extreme Conditions
Dear WaykiChain users,
Early in the morning on October 22, WICC market price experienced an abnormal drop, which caused position liquidation for a few Wayki-CDP users with collateralized WICC loans. As WaykiChain puts users first, it has come up with the following solution:
Users who experienced liquidation early in the morning of October 22 at prices of 0.18 USDT and below can redeem the liquidated amount of WICC from WaykiChain at the liquidation price at any time before November 20.
We ask users who experienced liquidation early in the morning of October 22 at market prices of 0.18 USDT and below to contact WaykiChain’s official support in Telegram (username @MeloCai) before November 20. This solution is valid only until November 20.
The market involves risks and investors must acknowledge them. Currently, margin trading is available on the secondary market and cryptocurrency prices fluctuate quite strongly. Please estimate your investment ability rationally and make investment decisions prudently. Finally, we thank WaykiChain community for the constant support!
October 22, 2020