Alert: WBTC Collateral Factor Decrease in 48 Hours
Parameter Update Alert
Compound governance recently passed Proposal 39, ZRX, BAT, and WBTC Parameter Update, which lowers the WBTC Collateral Factor from 75% to 65%; if you are using WBTC as collateral, your Borrowing Limit will decrease in 48 hours.
We wanted to alert members of the Compound community, so that you have time to recalibrate ahead of this change. Please double-check that this decrease in borrowing power will not trigger any liquidations.
If you have any questions, join the community in Discord.