IMPORTANT ANNOUNCEMENT!
Danogo Lending Protocol is functional and is still working as expected. We noticed the following issues from Liqwid:
1. Liqwid batcher has stopped running, disabling all market parameter UTXO.
2. Liqwid Oracle has stopped updating ADA-USD price. This can be seen from our Oracle Managers that Indigo and Minswap Oracle sources are functioning correctly.
Because of Liqwid unilateral decision to suspend their operation, all Danogo deposits in Liqwid platforms are affected and noone is able withdraw from Liqwid at the moment. Currently Danogo users have the following amount stuck with Liqwid:
128k USDT
350k USDC
244k USDM
523k USDA
198k DJED
Thus the following Danogo Pools are currently not working until Liqwid resume operation.
Other Pools like ADA, BTC that are not supplied to Liqwid are working as epxected.
All Loans can be liquidated, so far 6 loans had been liquidated and fully claimed by pools so no loss to Danogo suppliers so far!
Due to our parallel loan processing design, all borrowers can still modify their loan collaterals to protect their position but please not only add ADA / BTC as collateral as these pools are not affected by Liqwid.
We will continue to monitor the situation and provide updates when Liqwid resume operation.
Because we aggregate multiple Oracle sources and do not run our own oracle, the protocol function as expected and alert us about Liqwid Oracle being out of synch, we have proceeded to remove Oracle source.
Quote
Liqwid
@liqwidfinance
Given current market conditions, the Liqwid Labs team has taken down the protocol by pausing all markets. This means that:
- No new debt positions can be created.
- Existing debt positions cannot be accessed.
- Existing debt positions are protected from liquidation.
- The UI has
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