Spark said in a post on X that it will shut down its SparkLend lending protocol deployment on Gnosis Chain on Sept. 14. Once the change takes effect, all outstanding loans on that instance will become immediately eligible for liquidation. The team urged users to repay their debt before Sept. 14 to avoid having positions liquidated. Spark said the move is meant to reduce its overall risk exposure and eliminate the ongoing cost of maintaining that deployment. The announcement focuses specifically on the Gnosis Chain instance and outlines a clear deadline for borrowers still using the market.
Spark said in a post on X that it will shut down SparkLend on Gnosis Chain on Sept. 14.
According to the announcement, once the execution takes effect, all outstanding loans on that instance will immediately become liquidatable. Spark urged users to repay their debt before Sept. 14 to avoid having their positions liquidated.
The company said the decision is intended to reduce overall risk exposure and remove ongoing maintenance costs.
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