Following the SILO announcement: Silo shutting down the operations on SEI, iSEI will be delisted from the Folks Finance lending market.
These changes effectively disable the use of iSEI as collateral on the platform and as borrowable asset
We strongly advise all users to:
• Repay any open loans that are currently collateralized with iSEI.
• Repay iSEI loans
Implementation Schedule
Collateral and Borrow caps have been set to 0
The deprecation process will begin on November 19, and will end of December 10.
| Date | Collateral Factor |
|---|---|
| November 19 | 77% |
| November 26 | 55% |
| December 3 | 30% |
| December 10 | 0% |