Binance Will Support the BNB Smart Chain (BEP20) and BNB Beacon Chain (BEP2) Network Upgrades & Hard Forks

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Proposal #114: Adjust AKT and HARD LTVs to zero Objective: Adjust the loan-to-value parameters to zero for the following assets: AKT and HARD Description: Due to an upgrade in the Lend module, HARD and AKT aren’t borrowable against supplied assets. They won’t be counted as collateral value when the loan-to-value adjusts to zero. In preparation for this proposal, please note that you have until December 15th, 2022 (Before the end of the voting period. Please check the ending time in your time zone) to close your borrow positions against your supplied HARD, AKT, and other assets. Therefore, we recommend you take action as soon as possible to close your borrow positions, or these positions will be liquidated if the proposal passes. Why is it needed? We have determined that this action will be the best solution to prevent potential oracle manipulations against AKT and HARD. Vote Yes: By voting yes, you agree that the loan-to-value parameters must be adjusted to zero for AKT and HARD. Vote No: By voting no, you disagree that the loan-to-value parameters must not be adjusted to zero for AKT and HARD, leaving them as-is.

Proposal #114: Adjust AKT and HARD LTVs to zero Objective: Adjust the loan-to-value parameters to zero for the following assets: AKT and HARD Description: Due to an upgrade in the Lend module, HARD and AKT aren’t borrowable against supplied assets. They won’t be counted as collateral value when the loan-to-value adjusts to zero. In preparation for this proposal, please note that you have until December 15th, 2022 (Before the end of the voting period. Please check the ending time in your time zone) to close your borrow positions against your supplied HARD, AKT, and other assets. Therefore, we recommend you take action as soon as possible to close your borrow positions, or these positions will be liquidated if the proposal passes. Why is it needed? We have determined that this action will be the best solution to prevent potential oracle manipulations against AKT and HARD. Vote Yes: By voting yes, you agree that the loan-to-value parameters must be adjusted to zero for AKT and HARD. Vote No: By voting no, you disagree that the loan-to-value parameters must not be adjusted to zero for AKT and HARD, leaving them as-is.