Overview
In light of the recent market volatility, Binance has addressed the price depeg issues concerning USDE, BNSOL, and WBETH. This announcement aims to inform users about the steps taken to compensate affected clients and reinforce risk control measures.
Compensation for Affected Users
Binance recognizes the disruptions that occurred between 2025-10-10 21:36 and 22:16 (UTC) which led to significant impacts on Futures, Margin, and Loan users holding collateral in the aforementioned tokens.
Compensation Plan Details
- Eligibility: All Futures, Margin, and Loan users affected will be compensated.
- Compensation Amount: Users will receive the difference between the market price at 2025-10-11 00:00 (UTC) and their respective liquidation price.
- Automatic Distribution: Compensation will be distributed directly to the affected users’ accounts within 72 hours of this announcement.
- Liquidation Fees: All incurred liquidation fees during this time frame will also be compensated.
Users outside the specified time may reach out to Binance customer support for assistance.
Enhancements in Risk Control
To prevent future occurrences of similar events, Binance is introducing several enhanced risk control measures:
Key Adjustments
- Token Adjustments: The redemption price will now factor into the BNSOL, WBETH, and USDE price index weights.
- Minimum Price Threshold: A minimum price threshold will be established for the USDE index to better maintain price stability.
- Increased Frequency of Reviews: The frequency at which risk control parameters are assessed will be increased, allowing for quicker adjustments based on market dynamics.
Responsible Trading Reminder
Binance stresses the importance of responsible trading as market fluctuations can significantly affect asset values. Users are encouraged to engage in trading practices that align with their risk tolerance and financial capacity.
For further assistance, users can always reach out to Binance customer support.
Thank you for your understanding and support during this time.
Conclusion
This comprehensive response not only seeks to address the immediate concerns resulting from the price depeg situation but also reinforces Binance’s commitment to maintaining a robust trading environment for all users.
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