Due to the BCH hard fork on BSC coming on Nov 15, users in our protocol will be affected in different degrees. As protocol team, we can hardly take a firm stand on this issue. However, there are still two actions we can take.
- Pause BCH borrowing to allow BCH supplier withdraw their token easier
- Raise the borrowing rate of BCH to decrease its utilization rate
Both of them are to provide more liquidity for BCH supplier to withdraw. As a Defi protocol team, we cannot take any of the action unilaterally to provide liquidity just because someone is in need (though it’s a special case), unless the community gives a green light.
Further details and background will be added to this thread.