Change Log (one-line updates)

Transparency — Change Log

Purpose

Single source of truth for policy & parameter changes affecting OTC loans.

Format (each entry)

• Date (UTC)

• Change title

• Details (old → new)

• Scope (which assets/loans)

• Rationale (1–2 lines)

• Effective (immediate / T+1 / on new origination)

• Governance ref (proposal/vote/discussion link)

Examples

• 2025-03-02 — BTC (WBTC) enabled LIVE

  • Scope: Borrowed assets; LTV 35% target / 40% soft cap

  • Effective: new originations

  • Rationale: hedge venue capacity confirmed

• 2025-03-05 — USDT/USDC funding pass-through wording clarified

  • Details: doc update only; no rate change

  • Effective: immediate

• 2025-03-09 — System price-impact cap tightened: 12% → 10%

  • Scope: all assets

  • Effective: new origination & active monitoring

  • Rationale: liquidity thinning on DEX venues

  Retention

  Full history retained; monthly CSV export pinned on the page.