Dear MOBOXers,.
08 Mar 2023, 09:05
Dear MOBOXers,
We would like to inform you that the MOBOX team has taken the necessary steps to address the decreasing liquidity of BUSD on the BNB Chain. To ensure the smooth operation of the MBOX buyback contract and minimize the impermanent loss associated with each buyback, we have established an on-chain stablecoin Swap pool. Through this pool, we will exchange a portion of BUSD reserves for USDT reserves at a 1:1 ratio.
We would like to emphasize that there is no need for users to take any action during this process. The total amount of stablecoins in the MBOX buyback pool will remain unchanged. We appreciate your continued support and thank you for your understanding.
Thank you for your support.
Team MOBOX
8 March 2023