BENQI🔺 (@BenqiFinance): As part of BENQI’s ongoing risk management efforts and broader initiative to streamline market support, BENQI will begin reducing collateral factors f…

As part of BENQI’s ongoing risk management efforts and broader initiative to streamline market support, BENQI will begin reducing collateral factors for PAUSED assets within BENQI’s Core Markets. These changes apply only to PAUSED Core Markets. Active Core Markets are not affected. This extends the wind-down process already underway for paused Isolated Markets to paused Core Markets only. For the paused $QI Core Market: • September 3, 2026 at 9:00 AM UTC: Collateral factor will be reduced from 40% → 20% • September 10, 2026 at 9:00 AM UTC: Collateral factor will be reduced from 20% → 0% The $QI Core Market has been paused for several years, and new $QI supply has also been paused for several years. Users with outstanding borrows against $QI collateral are strongly encouraged to repay their loans or adjust their positions ahead of these changes to avoid potential liquidation. Over time, collateral factors for other PAUSED Core Markets will also be reduced to zero. To reiterate: this wind-down applies only to Core Markets that are already paused. It does not apply to active BENQI Core Markets. Users will receive ample advance notice before collateral-factor changes are made to any additional paused Core Markets. Stay tuned for further updates.