Positions nearest liquidation would be tapped first and their debt reduced. Eligibility for healthy loans and the lender’s route to ETH remain unspecified.

Withdrawals and repayments remain open, but the shutdown notice gives conflicting November deadlines before collateral liquidation.

The largest lending protocol on Base is adding WETH and USDC lending vaults.

Crypto markets rallied Wednesday after the largest rate increase in almost three decades signaled policymakers’ resolve in clamping down on U.S. inflation while suggesting rate hikes of this magnitude would not be common.