BendDAO's Proposal to Adjust Liquidation Thresholds and Other Parameters to Mitigate The Liquidity Crisis Was Adopted

Aug 23,2022
KingData News: The proposal initiated by the NFT liquidity protocol BendDAO to propose a solution to the liquidity crisis by adjusting the liquidation threshold, auction cycle, interest rates and other parameters has now been adopted. These include a phased final adjustment of the clearing threshold to 70%, an adjustment of the auction cycle from 48 hours to 4 hours, and an adjustment of the ETH base rate to 20%.
NFT mortgage lending agreement BendDAO has seen a large number of liquidation auctions and the platform is experiencing a severe liquidity crisis. This indicator provides an update on the BendDAO liquidity crisis.
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