Important Community Updates Dear Annex Community, we have rece | Annex Finance Announcement

Important Community Updates
Dear Annex Community, we have received numerous feedback from users and all these have been discussed with the team. To keep things simple, these are the conclusion.

Annex Finance will not associate itself with Scrub Finance moving forward. Team have tried contacting Digits but failed, we are not able to get any response, hence we are not able to help the users. (We tried our best, we will stop here)

Sold all our investment in Scrub Finance resulting in approximately 90k losses. To elaborate more, the initial amount invested in TIGER came from the liquidation of Scrub Treasury wallet on Annex and we just reinvest it into the Scrub Finance.

Start to increase our investment in MSHARE on MM.Finance to have more daily rewards to that goes into DeFi 3.0 vault and make daily buyback of ANN as well.

Securing both Annex Finance and MM Finance.
To avoid user who borrow all SVN and MMF from our protocol to damage MM.Finance by opening a big short position. We will also increase the max borrow interest of these assets too it mean huge supplier APY rewards.

Team believe in the ecosystem of MM.Finance and Cronos overall, Cronos success benefit everyone. Last but not least, the team would also like to thanks our community that warned us immediately through our Telegram Chat Room and private messages.

Annex Finance is a community driven project and we are always open to feedbacks and suggestions. Our users are what make Annex Finance unique and strong.

Regards
Annex Finance Team


Read more: https://twitter.com/AnnexFinance/status/1518602630737526784