GM! 👋
We decided to increase the collateral ratio, the health factor and change the liquidation penalty.

Now, these values are as follows:
💊 Health factor 80% -> 90%

🛡️ Collateral ratios:
🔹 USDC 80% -> 85%
🔹 renBTC 70% -> 80%
🔹 SOL 60% -> 70%
🔹 mSOL 50% -> 70%
🔹 whETH 60% -> 70%
🔹 whFTT 50% -> 60%
🔹 SNY 30% -> 35%

What will it change? 🤔
In short, you'll be able to mint more synthetic assets having the same amount of collateral. 🤑 Also, when you'll be liquidated, you lose less collateral 😎

How much exactly?
For example, consider you deposited 100$ in USDC 💲

Liquidation penalty
Previously, the ratio in liquidation penalty was 5/5.
It meant that 5% of the liquidated amount went to the liquidator and another 5% to the protocol.
Now, we're changing this ratio to 8/1. This means that the liquidated amount will be lower by 1%. And 7% of this amount will go to the liquidator and 1% to the protocol.

If you'd like to know more about liquidation, check out our blog post about it.

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