BendDAO's New proposal Proposal Proposes To Adjust Liquidity Thresholds, Auction Cycles, Interest Rates and Other Parameters to Ease The Liquidity Crisis

Aug 22,2022
KingData News: NFT Liquidity Protocol BendDAO launches community proposal to address liquidity crisis by adjusting liquidation thresholds, auction cycles, interest rates and other parameters. 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.