Azuki‘s mining pool is momentarily suspended by ParaSpace because of severe volatility and significant price swings.
All Transactions Related to Azuki Pool Suspended by ParaSpace for a Period of Time
ParaSpace shared the announcement on its Twitter account. In this direction, all mining pool-related operations, such as deposits, withdrawals, and required liquidations, are suspended.
Main Purpose Behind the Decision
The main goal of this change is to provide users some breathing room to replenish their cash reserves, pay off any outstanding obligations, and generally strengthen their financial situation. As a result, ParaSpace wants to relieve the load on users who might be struggling to keep up with the quickly altering market conditions by momentarily stopping Azuki’s mining pool.
ParaSpace Reassures Users
ParaSpace has guaranteed its users that any deficiency resulting from the suspension period will be reimbursed by the platform’s reserves in the case of Azuki’s liquidation. By taking this precaution, the loan ecosystem’s integrity will be upheld, and users will be shielded from potential losses.
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