• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Time Is Running Out to Accumulate Bitcoin at These Levels

    2025-07-09

    Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

    2025-07-09

    Don’t Miss These Bullish Events That Will Help Bitcoin

    2025-07-08
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»NFT»ParaSpace Temporarily Suspend Azuki’s Pool, Including Deposits, Withdrawals, And Liquidations
NFT

ParaSpace Temporarily Suspend Azuki’s Pool, Including Deposits, Withdrawals, And Liquidations

2023-07-04No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The decision comes in response to the high volatility of Azuki’s price, which has experienced extreme fluctuations in recent days. The suspension includes all activities related to the mining pool, such as deposits, withdrawals, and mandatory liquidations.

A few days ago, due to extreme price fluctuations in Azuki prices, the team decided to temporarily suspend Azuki’s pool, including deposits, withdrawals, and liquidations.

This measure aims to give users more time to replenish liquidity, repay loans, and improve healthiness.

— ParaSpace (@ParaSpace_NFT) July 4, 2023

The primary objective behind this move is to provide users with a grace period to replenish their liquidity, settle any outstanding debts, and improve their overall financial health. By temporarily halting Azuki’s mining pool, ParaSpace aims to alleviate the pressure on users who may be struggling to keep up with the rapidly changing market conditions.

In the event of Azuki’s liquidation, ParaSpace has reassured its users that any shortfall resulting from the suspension period will be covered by the platform’s reserves. This safety measure aims to protect users from potential losses and maintain the integrity of the lending ecosystem.

The decision to suspend Azuki’s mining pool follows a series of proactive steps taken by PS to safeguard its users’ interests. By providing additional time for liquidity replenishment, ParaSpace empowers borrowers to make informed decisions and regain control over their financial positions.

This temporary suspension is expected to provide a much-needed breathing space for users, allowing them to assess market conditions, strategize their next moves, and ultimately improve their financial stability. ParaSpace remains committed to supporting its community and ensuring a fair and transparent lending environment.

See also  Blast Hits $1.1B in Deposits More Than a Month Before It's Due to Go Live

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Azukis deposits including liquidations ParaSpace pool suspend Temporarily Withdrawals
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Spam and Mining Pool Centralization

2025-05-14

All Eyes on Art: Upcoming Collections to Watch the Week of February 4

2025-02-05

Aave (AAVE) regains $20B in net deposits

2024-09-24

Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals

2024-09-24
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

German court denies crypto owner’s attempt to claim $3.6 million as ‘data set’

2023-03-01

AdA plaintiff in Germany who attempted to argue that $3.6 million in crypto gains were…

Blockchain

Solana’s Latest Block Explorer Shoots for Simplicity

2023-11-20

Blockchains may be transparent, but Solana’s data-heavy ledger might be better described as translucent. A…

Videos

Did Someone Just Hack ETHEREUM??

2023-04-25

Sign Up Here for the CT Club! https://patreon.com/cryptotips ✴︎Ledger hardware wallets https://shop.ledger.com/?r=67ef …

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

What Is Copy Trading in Crypto? A Beginner’s Guide

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,045.63
ethereum
Ethereum (ETH) $ 2,969.93
xrp
XRP (XRP) $ 2.79
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.55
solana
Solana (SOL) $ 163.63
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202278
tron
TRON (TRX) $ 0.304909
staked-ether
Lido Staked Ether (STETH) $ 2,971.07
bitcoin
Bitcoin (BTC) $ 118,045.63
ethereum
Ethereum (ETH) $ 2,969.93
xrp
XRP (XRP) $ 2.79
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.55
solana
Solana (SOL) $ 163.63
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202278
tron
TRON (TRX) $ 0.304909
staked-ether
Lido Staked Ether (STETH) $ 2,971.07