In light of the Gard Sunset event, we are announcing a plan to allow users to withdraw their Gard deposits before the dApp closes on 8th November. The Gard Borrow Factor (BF) will be increased from 100%. This measure will lead to a greater effective borrowed amount (see Loan borrow - Folks Finance for more details).
This increase will be implemented gradually according to the schedule below. It should be noted that this will increase the risk of position liquidation. Therefore, we strongly advise all borrowers to prioritize the repayment of loans in which Gard is borrowed as soon as possible.
Schedule:
| Date | 09/10 | 12/10 | 16/10 | 19/10 | 23/10 | 26/10 |
|---|---|---|---|---|---|---|
| BF | 110% | 125% | 150% | 200% | 250% | 500% |