PANews reported on September 6 that the NFT lending protocol ParaSpace announced that it will open the migration of users to ParaX at 18:00 today. When the migration starts, the rate may fluctuate with the migration process. It is recommended that users migrate when the gas is lower than 20 Gwei. ParaX also recommends that users repay high-interest loans to avoid being affected. When migrating ERC-20 assets, be sure to click "Use Default" spending cap to avoid migration failure.


According to previous news, ParaSpace and Parallel Finance announced on August 31 that they would merge into the Web3 super application ParaX; ParaSpace began to assist some accounts in migrating to the ParaX platform on September 1.
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