NAVI Protocol to Migrate Six Assets From Main Market to Isolated Markets Starting June 8

NAVX-1.96%
CETUS-1.96%
HAEDAL-18.35%
NS-0.08%
According to Foresight News, NAVI Protocol will gradually migrate six assets from its main market to isolated markets starting June 8, in a four-week process. The migrating assets are xAUM, CETUS, HAEDAL, NS, BLUE, and IKA. From week one, the affected assets' supply caps, borrowing limits, and loan-to-value (LTV) ratios will be progressively reduced, and new deposits will not be accepted. Existing borrowers may retain their positions but cannot take on new loans. Starting week three, liquidation thresholds will begin declining, potentially lowering users' health factors and creating liquidation risk for those who do not adjust their positions.
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