Parallel Network: The lending liquidation threshold will be lowered by 1% every day until it reaches the target value. Please pay attention to the liquidation risk.

Odaily News Parallel Network posted on the X platform that the liquidation threshold of its NFT lending platform will be reduced by 1% every day until it reaches the target value. For example, the BAYC threshold will be reduced from 80% to 65%, and the MAYC threshold will be reduced from 70% to 65%. Parallel said that the reduction in the threshold will affect the health factor of lending, and users are advised to pay attention to liquidation risks. Earlier news, Parallel Network stated that due to the recent volatility and price decline of the NFT market, it will adjust the parameters of the NFT lending protocol to reduce systemic risks.