Surf Don Start Cardano Lending Again, But Liquidation Still Pause

Surf don restore core functions for im Cardano lending protocol on September 21. Di reopening follow maintenance wey start after one security incident for late August, but borrowers and suppliers still get limits for which actions di protocol fit process.

Supplies, Borrowing and Some Repayments Don Return

Surf dey allow users to supply assets enter lending pools and borrow against collateral. Di September 21 update list new supplies, new loans and repayment of healthy loans as available. Di reopening bring back those basic lending actions for Cardano users, including people wey dey inside pools wey involve ADA.

Withdrawals dey possible when pool get enough free liquidity. If funds no dey available, di withdrawal go remain queued. So person ability to withdraw supplied ADA go depend on di liquidity wey dey for di correct pool, even though Surf don reopen di withdrawal function.

Di team never publish pool by pool breakdown of di functions wey don restore. Dem talk say migrations still dey progress when dem announce di reopening.

Loans Wey Get Health Factor Below 1.0 Need More Collateral

Surf current contracts no fit process repayment when loan health factor dey below 1.0. Dat measure dey show how safe collateral take cover debt for one position. According to di team, di borrower must first add enough collateral to raise di health factor reach at least 1.0, before e repay.

To add collateral different from repaying with collateral. Dat second function still suspend, same as leverage. Even though leverage controls dey visible for Surf app, di team operational update wey carry date still list di function as unavailable.

Surf never describe separate process for position wey fall below 1.0 health factor during this period. Di instruction wey dem publish for repayment be say make user first raise di health factor with additional collateral.

Migrated Pools Still No Get Liquidations

Surf enter maintenance after dem report one security incident on August 26. On September 12, dem report say two pool migrations don complete di previous day. Di September 21 update talk say more migrations still dey underway, but e no specify how many pools remain or set completion date.

Liquidations still pause. Surf talk say loans wey open before maintenance go dey handled separately, but dem never publish di terms for dat process. New loans go follow standard liquidation rules once di function return. Di team never announce date for di return and dem never give technical explanation for why liquidation still pause.

As of di September 21 update, Surf don reopen di main routes for supplying and borrowing on Cardano. Di unresolved operational terms concern loans wey start before maintenance, positions wey fit become unhealthy during di pause, and di remaining pool migrations.