WIP42:下架所有 HECO 链资产,并关闭 WPC 代币在 HECO 链的跨链服务 / Delisting All Assets of Heco Chain and Disable WPC Cross-Chain Service on Heco Chain

1 、前言

提案编号:WIP42
提案名称:下架所有 HECO 链资产,并关闭 WPC 代币在 HECO 链的跨链服务
提案作者:Core Devs
有关提案:无
替换提案:无

2 、摘要

本提案中,核心开发团队建议下架所有 HECO 链资产,关闭 WPC 代币在 HECO 链的跨链服务,并阐明动机。

3 、动机

由于 Heco 链已长期处于不活跃状态,目前 Heco 浏览器发生了重大的降级,影响用户和开发者的正常使用和调试。未来还可能面临包括预言机、API、跨链桥等一系列基础设施的停止运营。
为了保障协议的长期稳定运行以及用户的资产安全,防患于未然,核心开发团队提议下架所有 HECO 链资产。
同时,为了防止因 HECO 链本身节点不稳定可能导致的跨链交易失效等问题,核心开发团队提议用户尽快将 WPC 代币转移到其它链上,并中止 HECO 链的跨链服务。

4 、正文

4.1 下架涉及资产

涉及目前所有资产,共 7 种,分别是:
1、HUSD
2、USDT
3、USDC
4、ETH
5、HBTC
6、HT
7、DAI

4.2 下架流程

第一步:关闭该市场的存/借功能
关闭市场的存款/借款功能,取款以及还款功能不受影响;借贷协议前端将折叠下架资产,但是用户可以在“我的资产”页面找到下架资产,直至用户没有存入或借取任何该资产。

第二步:准备金率调整为:100%
准备金率提升至 100%,意味着用户的存款将不会有任何的存款收益,以推动相关用户取款。同时,用户取款会推高借款利率,如此将会推动相关用户还款。

第三步:提案通过 2 周内,将该资产的最大质押率调整为:0%
将尽量通知用户偿还对其它资产的借款,解除对该资产的质押;
提案通过 2 周内,至多分两次将质押率调整为 0%。
若期间用户已经没有质押该资产进行借款的行为,将立即完成质押率调整;
免责声明: 因最大质押率调整造成的清算,属于市场行为,协议没有补偿义务

4.3 WPC 在 HECO 链的跨链服务中止

WPC 跨链桥将在2周内中止服务,并将尽量通知用户尽快将其在 HECO 链上的 WPC 代币转移到其它链。

五 、选项

1、支持此计划
2、不支持此计划

--------In English----------

WIP42: Delisting All Assets of Heco Chain and Disable WPC Cross-Chain Service on Heco Chain

1. Preamble

Proposal Number: WIP42
Proposal Title: Delisting All Assets of Heco Chain and Disable WPC Cross-Chain Service on Heco Chain
Proposal Author(s): Core Devs
Related Proposals / Dependencies: N/A
Replacement Proposal / Replaces: N/A

2. Abstract

In this proposal, the core development team proposes to delist all assets of Heco chain and disable WPC Cross-Chain service on Heco Chain, and elaborates on the criteria and motivations.

3. Motivation

Due to the long-term inactivity of the Heco chain and the downgrade of the Heco explorer, which seriously affected the use and debugging of users and developers. Not only that, a series of infrastructures including oracles, APIs, cross-chain bridges, etc. may be shut down in the future.

In order to ensure the long-term and stable operation of the protocol and the security of users’ assets, the core development team proposes to delist all assets on HECO chain and disable WPC cross-chain service on HECO chain.

In addition, in order to prevent problems such as cross-chain failures that may be caused by unstable nodes of the HECO chain, the core development team recommends that users transfer WPC tokens to other chains as soon as possible.

4. Specification

4.1 Assets Will Be Delisted

All 7 assets involved on the Heco Chain as following:

  1. HUSD
  2. USDT
  3. USDC
  4. ETH
  5. HBTC
  6. HT
  7. DAI

4.2 Standard Operating Procedure (SOP) of Delisting

Step 1: Disable the deposit/borrow function of the market
Disable the deposit/borrow function of the market, the withdraw/repay functions will not be affected; the delisted assets will be collapsed in WePiggy’s App, but users can easily find the delisted assets in “My Assets” until the user does not deposit or borrow any such assets.

Step 2: Adjust the reserve factor to 100%
Increasing the reserve factor to 100% means that there will be no deposit income from users’ deposits to push relevant users’ withdrawals. At the same time, users’ withdrawals will push up the borrowing interest rate, which will drive the relevant users to repay their borrowings.

Step 3: Adjust the maximum LTV ratio of the asset to 0% in 2 weeks after the proposal is passed
Within 2 weeks after the proposal is passed, users will be notified as much as possible to repay their borrowings of other assets and disable the asset as collateral.
Within 2 weeks after the proposal is passed, the maximum LTV ratio will be adjusted up to 2 times to 0%.
During which time the maximum LTV ratio adjustment will be executed immediately if there are no more users using that asset as collateral for borrowing.
Disclaimer: Liquidation caused by the adjustment of the maximum LTV ratio is a normal market behavior, and the protocol has no obligation to compensate.

4.3 Disable WPC Cross-Chain Service on Heco Chain

Within 2 weeks after the proposal is passed, WPC Cross-Chain Service on Heco Chain will be disable, users will be notified to transfer their WPC tokens to other chains as soon as possible.

5. Option

Option 1: For the plan
Option 2: Against the plan

1 Like

火币已经弃坑HECO,去搞CUBE了,这个链目前连摆都不摆了,直接烂着,多少有点随时停链的意思。

1 Like

It is likely that many users will not be able to withdraw due to insufficient market liquidity, especially as everyone is withdrawing at the same time. It is like a race to get out quick!

For those who are left behind, will they be compensated for their assets which are effectively liquidated (e.g. in WPC tokens), or will they just lose their assets due to low liquidity?