Following the programmed wind-down of USDL by Paxos (https://www.paxos.com/newsroom/winding-down-usdl-lift-dollar), we will take the following actions shortly:
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csUSDL will no longer accept new deposits.
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The borrow rate on USDL-related collateral (both as collateral or loan asset) will be increased to encourage position closure. We will wait to implement this to avoid disruption of the PT-cUSDL-30OCT.
We encourage everyone to repay and withdraw at their earliest convenience.