Parallel Network will gradually lower the NFT lending liquidation threshold on a daily basis to cope with market fluctuations.

Parallel Network announced that the liquidation threshold for its NFT lending platform will be reduced by 1% daily until it reaches the target value. For example, the threshold for BAYC will be lowered from 80% to 65%, and for MAYC from 70% to 65%. This measure is taken to address the fluctuations and price declines in the NFT market, reducing systemic risks. Users should be aware that the reduction in the threshold will impact the lending health factor, increasing the liquidation risk.