️@OpenSea announced it will continue to support #creators by enforcing royalties on the platform.

10 Nov 2022, 13:56
⛵️@OpenSea announced it will continue to support #creators by enforcing royalties on the platform. This has been a topic of much debate. Do you feel #OpenSea made the right decision?

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WEMIX
WEMIXWEMIX #153
Telegram
10 Nov 2022, 14:11
KOKOA Finance의 KSD 상환 완료 안녕하세요, 위믹스팀입니다. 위믹스는 지난 10월 27일 한국 디지털자산거래소 공동협의체(DAXA)로부터 계획된 유통량과 실제 유통량이 차이가 있음을 이유로 투자유의 종목으로 지정됐으며, 팀은 이를 조기 해제하고자 적극 소명 중에 있습니다. 과정에서, 코코아 파이낸스에 담보예치된 위믹스에 대해 담보해제하기 위한 다양한 방법을 모색 중에 있으며, 투자유의 종목 지정으로 인한 위믹스의 가격변동성 증가에 따른 청산 위험을 최소화하려 노력하고 있습니다. 이에 따라, - 최근 2차에 걸친 KSD 일부상환을 통해 대여잔액과 담보비율을 현저히 낮췄습니다만, - 커뮤니티와 거래소의 신뢰를 근원적으로 회복하기 위해서는 적극적인 대응이 필요하다고 판단하여, - 코코아파이낸스 차입금을 전액상환하기로 결정했습니다. - 상환을 위한 재원은 위믹스파이 출범 이후, 위믹스달러 각종 디파이프로토콜이 안정됨에 따라 초기 제공됐던 유동성을 일부 회수하여 충당하기로 결정했습니다. - 당초 위믹스파이는 TVL 극대화가 목표가 아닌, 생태계의 크기와 활력에 적정한 수준의 위믹스달러의 발행이 목표였고, 문제없이 안착하였다고 판단하고 있습니다. 이에 초기 안정성을 위해 공급되었던 유동성 축소는 위믹스달러와 위믹스파이에 영향을 미치지 않습니다. 상환작업은 다음과 같이 진행되었습니다. - 위믹스파이에서 일부 유동성 축소를 통해 USDC 재원을 확보했습니다. > 위믹스/위믹스달러 풀에서 $5M 유동성 축소 (약 1,691,984.81 위믹스, 2,500,331.30 위믹스달러 출금) > USDC/위믹스달러 풀에서 $6M 유동성 축소 (약 3,008,099.33 USDC, 3,001,428.66 위믹스달러 출금) > KLAY/위믹스달러 풀에서 $1M 유동성 축소 (약 2,970,220.25 클레이, 500,046.66 위믹스달러 출금) - 확보한 6,001,806.62의 위믹스달러는 AMA로 소각 후, 해당 준비금인 6,001,806.62 USDC가 Treasury에서 자동 인출되어, 9M USDC를 확보했습니다. - 재단 운영자금에서 357,224 USDC를 마련했습니다. - 확보한 9M USDC를 멀티체인 브릿지를 통해 이더리움으로 전송, 9.4M USDC를 이후 오르빗 브릿지를 통해 클레이튼으로 전송하여 oUSDC로 변환했습니다. - 이후 oUSDC를 KSD로 교환하여 9.4M KSD를 확보했습니다. - 9,367,129.636987 KSD를 상환하고 담보설정된 35,800,000.006552 위믹스클래식을 인출했습니다. - 청산 대비용 27,616,043.855917 위믹스클래식과 담보상환된 35,800,000.006552 위믹스 클래식을 리저브월렛으로 환수, 63,416,043.862470 위믹스클래식이 환수되었습니다. - 리저브 월렛 주소 : 0x5c4819abfa5967b9a66a13b06538bc22d20def97 상환 작업과 함께 회수된 각종 자산의 처리는 다음과 같이 진행되었습니다. - 위믹스파이에서 유동성 축소를 통해 확보한 USDC 재원을 제외한 1,691,984.81 위믹스, 2,970,220.25 클레이는 재단 LP 월렛으로 환수하였습니다. - LP 월렛 주소 : 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 위믹스 (준비금 717,096.6 위믹스 포함) - 2,970,220.36 클레이 또한, 적극적이고 자발적인 상환절차 도중 투자유의 종목 지정이 연장되었음을 통보받았습니다. 더욱더 적극적인 소명을 통해 투자유의 종목 해제를 위해 노력하겠습니다. 앞으로도 위믹스는, - 이번에 투자유의 종목 지정을 야기하게 유통량에 대한 시각차를 커뮤니티, 거래소와 일치화시키고, - 에코시스템의 확장과 동시에 투자자 보호가 중요한 프로젝트 가치임을 재확인하여, - 적극적이고 즉각적인 공시시스템과 안전하고 투명한 자산관리 시스템을 보강하여, - 커뮤니티와 거래소의 신뢰를 회복, 나아가 더욱 강화하고, - 에코시스템의 확장, 커뮤니티의 성장, 그리고 투자자의 성공에 기여하도록 하겠습니다. 위믹스는 지난 10월 20일 메인넷 위믹스3.0의 출범과 함께, 8개의 플랫폼(위믹스3.0, 익스플로러, 위믹스 월렛, 40WONDERS, 위믹스플레이, 나일, 위믹스파이, 파피루스)이 순차적으로 선보이며 적극적인 생태계 확장에 힘쓰고 있습니다. 과정에서 이루어지는 각종 투자에 대해 위믹스팀은 위에 약속드린 가치와 절차를 준수하며 커뮤니티의 동의와 지지 위에서 이루어질 있도록 최선의 노력을 다할 것을 다시 한번 약속드립니다. 감사합니다.
KOKOA Finance의 KSD 상환 완료. 안녕하세요, 위믹스팀입니다.
KOKOA Finance의 KSD 상환 완료 안녕하세요, 위믹스팀입니다. 위믹스는 지난 10월 27일 한국 디지털자산거래소 공동협의체(DAXA)로부터 계획된 유통량과 실제 유통량이 차이가 있음을 이유로 투자유의 종목으로 지정됐으며, 팀은 이를 조기 해제하고자 적극 소명 중에 있습니다. 그 과정에서, 코코아 파이낸스에 담보예치된 위믹스에 대해 담보해제하기 위한 다양한 방법을 모색 중에 있으며, 투자유의 종목 지정으로 인한 위믹스의 가격변동성 증가에 따른 청산 위험을 최소화하려 노력하고 있습니다. 이에 따라, - 최근 2차에 걸친 KSD 일부상환을 통해 대여잔액과 담보비율을 현저히 낮췄습니다만, - 커뮤니티와 거래소의 신뢰를 근원적으로 회복하기 위해서는 좀 더 적극적인 대응이 필요하다고 판단하여, - 코코아파이낸스 차입금을 전액상환하기로 결정했습니다. - 상환을 위한 재원은 위믹스파이 출범 이후, 위믹스달러 및 각종 디파이프로토콜이 안정됨에 따라 초기 제공됐던 유동성을 일부 회수하여 충당하기로 결정했습니다. - 당초 위믹스파이는 TVL 극대화가 목표가 아닌, 생태계의 크기와 활력에 적정한 수준의 위믹스달러의 발행이 목표였고, 큰 문제없이 안착하였다고 판단하고 있습니다. 이에 초기 안정성을 위해 공급되었던 유동성 축소는 위믹스달러와 위믹스파이에 영향을 미치지 않습니다. 상환작업은 다음과 같이 진행되었습니다. - 위믹스파이에서 일부 유동성 축소를 통해 USDC 재원을 확보했습니다. > 위믹스/위믹스달러 풀에서 $5M 유동성 축소 (약 1,691,984.81 위믹스, 약 2,500,331.30 위믹스달러 출금) > USDC/위믹스달러 풀에서 $6M 유동성 축소 (약 3,008,099.33 USDC, 약 3,001,428.66 위믹스달러 출금) > KLAY/위믹스달러 풀에서 $1M 유동성 축소 (약 2,970,220.25 클레이, 약 500,046.66 위믹스달러 출금) - 확보한 6,001,806.62의 위믹스달러는 AMA로 소각 후, 해당 준비금인 6,001,806.62 USDC가 Treasury에서 자동 인출되어, 총 약 9M USDC를 확보했습니다. - 재단 운영자금에서 약 357,224 USDC를 마련했습니다. - 확보한 약 9M USDC를 멀티체인 브릿지를 통해 이더리움으로 전송, 9.4M USDC를 이후 오르빗 브릿지를 통해 클레이튼으로 전송하여 oUSDC로 변환했습니다. - 이후 oUSDC를 KSD로 교환하여 총 약 9.4M KSD를 확보했습니다. - 총 9,367,129.636987 KSD를 상환하고 담보설정된 35,800,000.006552 위믹스클래식을 인출했습니다. - 청산 대비용 27,616,043.855917 위믹스클래식과 담보상환된 35,800,000.006552 위믹스 클래식을 리저브월렛으로 환수, 총 63,416,043.862470 위믹스클래식이 환수되었습니다. - 리저브 월렛 주소 : 0x5c4819abfa5967b9a66a13b06538bc22d20def97 상환 작업과 함께 회수된 각종 자산의 처리는 다음과 같이 진행되었습니다. - 위믹스파이에서 유동성 축소를 통해 확보한 USDC 재원을 제외한 1,691,984.81 위믹스, 2,970,220.25 클레이는 재단 LP 월렛으로 환수하였습니다. - LP 월렛 주소 : 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 위믹스 (준비금 717,096.6 위믹스 포함) - 2,970,220.36 클레이 또한, 적극적이고 자발적인 상환절차 도중 투자유의 종목 지정이 연장되었음을 통보받았습니다. 더욱더 적극적인 소명을 통해 투자유의 종목 해제를 위해 노력하겠습니다. 앞으로도 위믹스는, - 이번에 투자유의 종목 지정을 야기하게 된 유통량에 대한 시각차를 커뮤니티, 거래소와 일치화시키고, - 에코시스템의 확장과 동시에 투자자 보호가 중요한 프로젝트 가치임을 재확인하여, - 적극적이고 즉각적인 공시시스템과 안전하고 투명한 자산관리 시스템을 보강하여, - 커뮤니티와 거래소의 신뢰를 회복, 나아가 더욱 강화하고, - 에코시스템의 확장, 커뮤니티의 성장, 그리고 투자자의 성공에 기여하도록 하겠습니다. 위믹스는 지난 10월 20일 메인넷 위믹스3.0의 출범과 함께, 총 8개의 플랫폼(위믹스3.0, 익스플로러, 위믹스 월렛, 40WONDERS, 위믹스플레이, 나일, 위믹스파이, 파피루스)이 순차적으로 선보이며 적극적인 생태계 확장에 힘쓰고 있습니다. 이 과정에서 이루어지는 각종 투자에 대해 위믹스팀은 위에 약속드린 가치와 절차를 준수하며 커뮤니티의 동의와 지지 위에서 이루어질 수 있도록 최선의 노력을 다할 것을 다시 한번 약속드립니다. 감사합니다.
WEMIX
WEMIXWEMIX #153
Telegram
10 Nov 2022, 14:11
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.
Full repayment of KSD loan. Greetings from WEMIX team.
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.
WEMIX
WEMIXWEMIX #153
Telegram
10 Nov 2022, 14:11
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.
Full repayment of KSD loan. Greetings from WEMIX team.
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.
WEMIX
WEMIXWEMIX #153
Telegram
10 Nov 2022, 14:11
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.
Full repayment of KSD loan. Greetings from WEMIX team.
Full repayment of KSD loan Greetings from WEMIX team! On October 27th, WEMIX was designated as an “Investment Warning” by DAXA(Digital Asset eXchange Alliance) due to the gap between planned circulation and the actual volume. WEMIX team is under active vindication to be released. During the process, WEMIX team is seeking distinct means to release the collateral borrowed to the KOKOA Finance and trying our best to minimize the liquidation risk due to the price fluctuation of WEMIX. Followed Actions: - We have significantly reduced the remaining balance and the collateral rate through two partial repayments of KSD recently, - And we decided to fully pay off the KOKOA Finance loan in order to restore the full trust of the community and the exchange fundamentally. - Since the launch of WEMIX.Fi, we have decided to partially collect the liquidity that was allotted as WEMIX$ and protocol stabilized. - The initial purpose of WEMIX.Fi was not to maximize TVL, but to issue WEMIX$ appropriate for the size and vitality of the ecosystem, and it has settled down without any major issues. As a result, liquidity reduction that was supplied for initial stability does not affect WEMIX$ and WEMIX.Fi Repayment Process : - We have secured USDC assets through partial liquidity reduction of WEMIX.Fi. > $5M liquidity reduced at WEMIX/WEMIX$ pool. (1,691,984.81 WEMIX, 2,500,331.30 WEMIX$ withdrawn) > $6M liquidity reduced at USDC/WEMIX$ pool. (3,008,099.33 USDC, 3,001,428.66 WEMIX$ withdrawn) > $1M liquidity reduced at KLAY/WEMIX$ pool.(2,970,220.25 KLAY, 500,046.66 WEMIX$ withdrawn) - Secured 6,001,806.62 WEMIX$ was burnt as AMA, and the reserve fund 6,001,806.62 USDC was automatically withdrawn from Treasury, securing 9M USDC as a result. - Secured 357,224 USDC at Foundation operating vault. - Secured 9M USDC was transferred to ETH by multichain bridge, and 9.4M USDC was changed to oUSDC by transferring to Klaytn through Orbit bridge. - Then switched oUSDC to KSD and secured about 9.4M KSD. - Repaid a total of 9,367,129.636987 KSD and withdrew 35,800,000.006552 WEMIX Classic set as collateral. - The amount of liquidation cost WEMIX Classic 27,616,043.855917 and collateral repayment 35,800,000.006552 WEMIX Classic was returned to the reserve wallet, and the total of 63,416,043.862470 WEMIX Classic was changed. - Reserve Wallet Address: 0x5c4819abfa5967b9a66a13b06538bc22d20def97 Handling of assets recovered along with the repayment process : - Excluding USDC assets secured through the liquidity reduction of WEMIX.Fi which is 1,691,984.81 WEMIX, 2,970,220.25 KLAY, was returned to the LP wallet. -LP Wallet Address: 0xC19E7aEa9d407bF405bef4A1f5EC9932e60De8EC - 2,409,081.3714213 WEMIX (including 717,096.6 WEMIX reserve fund) - 2,970,220.36 KLAY Also, we were informed that during the active and voluntary repayment process, the designation of ‘Investment Warning’ has been extended. We will place all our efforts to solve the issue. WEMIX will continue to, - Correspond to the difference in viewpoints with the community and the exchange about the amount of circulation that caused the ‘Investment Warning’ designation. - Reconfirm that the expansion of the ecosystem and the protection of investors are crucial project values, - Reinforce an active and immediate official announcement system and a secure and transparent asset management system. - Restore & strengthen the trust of the community and the exchanges. - Contribute to the expansion of the ecosystem, the growth of the community, and the success of investors. With the launch of Mainnet WEMIX3.0 on October 20, WEMIX is actively expanding the ecosystem with introducing 8 platforms (WEMIX3.0, Explorer, WEMIX Wallet, 40WONDERS, WEMIX PLAY, NILE, WEMIX.Fi, Papyrus). For the investments made in this process, WEMIX team once again promises to comply with the values and procedures promised above and to do its best to achieve the consent and support of the community. Thank you.