New Listing Announcement: WBTC

Dear xBankers,

We are pleased to announce that xBank will be listing an additional asset — WBTC to our money market. All the details you need to know can be found in this article.

Wen Live?

wBTC will be live on our money market on Tuesday, October 10th, 2023 around 10 AM UTC. You will be able to deposit / borrow wBTC on our App from this time onwards.

Parameters Details

• Interest rate: interest rate for WBTC will be a double-slope model with the same parameters as ETH. See our Docs for more details
• Collateral Factor: 0.825 (same as ETH)
• Liquidation Close Factor: 0.50

Rewards Emissions

With the Addition of WBTC, the new rewards allocation will be:

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Official Links 🔗

Below are the official links for xBank:
Website: https://xBank.finance/
Twitter: https://twitter.com/xBankFinance
Discord: https://discord.gg/Ywh9hJg6xv
Telegram: https://t.me/xBankFinance
Github: https://github.com/xbank-lab