The final collateral factor reduction on Tectonic is live as of 5 October 2026, 03:00 UTC. TONIC 0% VVS 0% FUL 0% TONIC, VVS, FUL, FER, VNO, bCRO, USC and USCd are now all at 0% and no longer count as collateral on Tectonic. This completes the collateral factor step-down. Thank you for your patience throughout.

Heads up: the final collateral factor reduction on Tectonic takes effect on 5 October 2026, 03:00 UTC. TONIC 5% → 0% VVS 14% → 0% FUL 13% → 0% From 03:00 UTC on 5 October, TONIC, VVS and FUL no longer count as collateral. If you have borrowed against any of these tokens, repay your borrowings before 5 October 2026, 03:00 UTC. Positions that fall below the required health factor after the reduction are subject to liquidation.

The third collateral factor reduction on Tectonic is live as of 28 September 2026, 03:00 UTC. TONIC 5% VVS 14% FUL 13% USC 0% USCd 0% USC and USCd are now at 0% and no longer count as collateral. If market or risk conditions require, further reductions may be brought forward, including to 0% in a single step.

Heads up: the third collateral factor reduction on Tectonic takes effect on 28 September 2026, 03:00 UTC. TONIC 10% → 5% VVS 28% → 14% FUL 25% → 13% USC 25% → 0% USCd 25% → 0% USC and USCd reach 0% at this step. From 03:00 UTC on 28 September they no longer count as collateral. If you have borrowed against any of these tokens, repay your borrowings before 28 September 2026, 03:00 UTC. Positions that fall below the required health factor after the reduction are subject to liquidation.

The second collateral factor reduction on Tectonic is live as of 21 September 2026, 03:00 UTC. TONIC 10% VVS 28% FUL 25% FER 0% VNO 0% bCRO 0% USC 25% USCd 25% FER, VNO and bCRO are now at 0% and no longer count as collateral. The next reduction is 28 September 2026, 03:00 UTC. If market or risk conditions require, reductions may be brought forward, including to 0% in a single step.

Reminder: the second collateral factor reduction on Tectonic takes effect tomorrow, 21 September 2026, 03:00 UTC. TONIC 15% → 10% VVS 41% → 28% FUL 38% → 25% FER 38% → 0% VNO 38% → 0% bCRO 30% → 0% USC 50% → 25% USCd 60% → 25% FER, VNO and bCRO reach 0% at this step. From 03:00 UTC they no longer count as collateral. If you have borrowed against any of these tokens, repay your borrowings before 21 September 2026, 03:00 UTC. Positions that fall below the required health factor after the reduction are subject to liquidation.

The first collateral factor reduction has been applied. TONIC, VVS, FER, VNO, FUL and bCRO are now at: TONIC 15% VVS 41% FER 38% VNO 38% FUL 38% bCRO 30% The next reduction is scheduled for 21 September 2026, 03:00 UTC, followed by 28 September and 6 October 2026, ending at 0%. If you have borrowed against any of these tokens, repay before the next reduction. Positions that fall below the required health factor are subject to liquidation.

Reminder: the first collateral factor reduction for TONIC, VVS, FER, VNO, FUL and bCRO takes effect on 14 September 2026, 03:00 UTC. Collateral factors after this reduction: TONIC 15% VVS 41% FER 38% VNO 38% FUL 38% bCRO 30% Further reductions follow on 21 September, 28 September and 6 October 2026, each at 03:00 UTC, ending at 0%. If you have borrowed against any of these tokens, repay before 14 September 2026, 03:00 UTC. Positions that fall below the required health factor after the reduction are subject to liquidation.

As we work to restore Tectonic safely, we are removing TONIC, VVS, FER, VNO, FUL and bCRO as collateral on Tectonic. The collateral factor of each of these tokens will be adjusted to 0% according to the following timeline: 1st reduction: 14 September 2026, 03:00 UTC 2nd reduction: 21 September 2026, 03:00 UTC 3nd reduction: 28 September 2026, 03:00 UTC Final reduction to 0%: 6 October 2026, 03:00 UTC If market or risk conditions require, these reductions may be adjusted, postponed or accelerated, including but not limited to an immediate reduction to 0% in a single step. We will give as much notice as conditions allow. Supplying and borrowing remain paused. Repaying and withdrawing remain open. If you have borrowed against any of these tokens, repay your borrowings before 14 September 2026, 03:00 UTC. Positions that fall below the required health factor after any reduction are subject to liquidation.

The @CronosNetwork has resumed block production We're running further checks on our systems and dependencies. Once those clear, we'll reopen in phases. First phase is withdraw assets and repay loans, with borrowing and deposits staying paused while we finalize next steps. Protecting user funds is our top priority. We'll post here when it's live. A full post mortem is coming.

We are aware of an incident affecting Tectonic and our team is actively investigating. As a precaution, please do not interact with the protocol until we confirm it is safe to do so. We will post a verified update here as soon as we have one.

A quick reminder for USC suppliers on Tectonic: If you have USC supplied on Tectonic, consider withdrawing it soon. You can then swap your USC via the @VVS_finance, which closes on 7 July 2026. Don't leave it too late.

Update: DAI and USC collateral factor has been reduced to 50%. The next collateral factor reduction will be on 25 MAY, 9AM UTC to 25%. If you have an active DAI or USC borrow position, please check your health factor and take action before the new deadline. To manage your positions: Access DAI and USC directly via: DAI - tectonic.finance/markets/mai… USC - tectonic.finance/markets/mai…

Update: The next scheduled reduction of the DAI and USC collateral factor has been postponed by 3 days. After review, we identified a number of positions that may be at risk of liquidation from the upcoming change. To give affected users time to repay or adjust their loans, the next reduction will now take effect on 14 May 2026, 9AM UTC. If you have an active DAI or USC borrow position, please check your health factor and take action before the new deadline. There will be no further extensions to the schedule, and this postponement does not affect the 25 May and 8 June reduction

📣 Reminder: Collateral factor reduction schedule for both DAI and USC in phases - 11 May: 50% - 25 May: 25% - 8 June: 0% Please act promptly to avoid any last-minute complications.

Attention DAI and USC holders on Tectonic. As a precautionary measure to safeguard protocol integrity, we will be reducing the collateral factor for both DAI and USC in phases. This gives you time to unwind your positions safely. Collateral factor reduction schedule: - 11 May: 50% - 25 May: 25% - 8 June: 0% Your position may be liquidated once the collateral factor reaches zero. To manage your positions: Access DAI and USC directly via: DAI - tectonic.finance/markets/mai… USC - tectonic.finance/markets/mai… For DAI holders - withdraw and send to the Crypto.com App before May 11 for 1:1 conversion to USDS. Please act promptly to avoid any last-minute complications.

Reminder: $USC will be removed from Tectonic in 7 days. If you have an active $USC position, please: Repay any $USC loans Withdraw your $USC supply If you need help, reach out in our Discord.

$DAI is being rebranded to $USDS What's changing: - $DAI borrowing has been disabled on Tectonic - Current health factor will not be affected. However, $DAI will no longer be accepted as collateral What you need to do: 1. Repay any DAI borrows and withdraw DAI supply tectonic.finance/markets/mai… 2. Send your DAI to @cryptocom for conversion to $USDS BEFORE MAY 11 After this date, there will be no supported conversion path for DAI.

We experienced a brief service disruption earlier today due to an RPC issue. This has been resolved and all services are back to normal. Thank you for your understanding.