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NFT Loan Agreement ParaSpace Completes Security Patch Review & Testing

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On March 20th, the NFT loan agreement ParaSpace tweeted that the review and testing of the security patch has now been completed to ensure the security of user assets when restarti

NFT Loan Agreement ParaSpace Completes Security Patch Review & Testing

On March 20th, the NFT loan agreement ParaSpace tweeted that the review and testing of the security patch has now been completed to ensure the security of user assets when restarting the agreement on the main network. The cash withdrawal time lock contract is being improved and will be reviewed and tested in the next few days. The ParaSpace team has decided to phase in the reopening of the agreement, giving priority to repayment, supply, liquidation, loans, withdrawals, and time lock enhancements. The team expects all platform features to be available by March 25th. The repayment function of the first stage of the platform has been launched, and it is hoped to provide users with an opportunity to repay debts while liquidation is still suspended.

ParaSpace: Security patch review and testing have been completed, and the protocol will be restarted in stages before March 25

Outline

– Introduction
– ParaSpace Completes Review & Testing of Security Patch
– Improvements Being Made to Cash Withdrawal Time Lock Contract
– Phased Reopening of Agreement
– Repayment Function Launched
– All Platform Features Expected to be Available by March 25th
– Conclusion
– FAQs

Article

**Introduction**
Cryptocurrency is a popular topic that has been making waves in the financial industry, with the use of non-fungible tokens (NFTs) being one of the most talked-about subjects. NFT loan agreements have become increasingly popular, and ParaSpace is one of the platforms that provide this service. The platform provides users with the opportunity to take out loans using their NFTs as collateral. As with any financial platform, security is of the utmost importance, and ParaSpace has recently completed the review and testing of its security patches.
**ParaSpace Completes Review & Testing of Security Patch**
On March 20th, ParaSpace tweeted that the review and testing of the security patch has now been completed. This is welcome news for users of the platform, as it means that the security of their assets is being ensured. The security patch is designed to protect user assets when the agreement is restarted on the main network.
**Improvements Being Made to Cash Withdrawal Time Lock Contract**
ParaSpace is also making improvements to the cash withdrawal time lock contract. This contract is being reviewed and tested in the next few days, which further highlights the platform’s commitment to security and safety of user assets.
**Phased Reopening of Agreement**
The ParaSpace team has decided to phase in the reopening of the agreement. This means that the platform’s features will be made available gradually, in a prioritized manner. The priorities include repayment, supply, liquidation, loans, withdrawals, and time lock enhancements. The platform will start by launching the repayment function of the first stage. The team expects all platform features to be available by March 25th.
**Repayment Function Launched**
The repayment function of the first stage of the platform has been launched, providing users with the opportunity to repay their debts. This is particularly important as liquidation is still suspended, giving users the chance to repay their debts before liquidation commences.
**All Platform Features Expected to be Available by March 25th**
ParaSpace is approaching the reopening of the agreement with caution, ensuring that all features are tested and reviewed for security before being made available. Although the phased reopening means that some features will not be immediately available, all platform features are expected to be available by March 25th.
**Conclusion**
ParaSpace is a popular platform that provides NFT loan agreements to its users. Security is of the utmost importance when it comes to financial platforms, and ParaSpace has recently completed the review and testing of its security patches. The platform is also making improvements to the cash withdrawal time lock contract, and the agreement will be reopened gradually, with a focus on ensuring the safety of user assets.
**FAQs**
1. What is ParaSpace?
– ParaSpace is a platform that provides NFT loan agreements to its users.
2. What is the security patch that ParaSpace recently completed?
– The security patch is designed to protect user assets when the agreement is restarted on the main network.
3. When will all platform features be available on ParaSpace?
– All platform features are expected to be available by March 25th.
**Keywords:** NFT loan agreement, ParaSpace, security patch, cash withdrawal time lock contract, phased reopening, repayment function, user assets.

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