Bybit: Starting April 10, it plans to stop using SLP as a collateralized or loanable asset

Mars Finance News: According to the official announcement, Bybit declares that starting from April 10, 2025, SLP will no longer be accepted as a collateral or borrowable asset: 1. On March 27, 2025, at 8:00 AM (UTC): All lending services for SLP will be suspended, including Unified Trading Account (UTA) lending, crypto loans, and Bybit Savings; 2. On April 10, 2025, at 8:00 AM (UTC): SLP will no longer be accepted as collateral or repayment method for Unified Trading Account (UTA) lending, crypto loans, and institutional loans; 3. On April 11, 2025, at 8:00 AM (UTC): SLP will be removed from Bybit Savings. The principal and accrued earnings of users' SLP pledged in Bybit Savings will be automatically credited to their funding account. Bybit reminds all users that outstanding SLP debts must be repaid before April 10, 2025, at 8:00 AM (UTC) to prevent automatic repayment and potential asset loss, and advises users to adjust margins (if applicable) and closely monitor Maintenance Margin Ratio (MMR) and Loan-to-Value (LTV) ratios before 8:00 AM (UTC) on April 10, 2025, to avoid any potential liquidation.