BendDAO Releases New Proposal BIP#10 to Adjust Liquidation Thresholds and Auction Cycles in a Phased Vote

Aug 24,2022
KingData News: The NFT Liquidity Protocol BendDAO community has released a new proposal, BIP#10, to adjust the liquidation threshold and auction cycle in a phased ballot. In particular, when the liquidation threshold reaches 80%, a ballot for 75% of the liquidation threshold will be launched on September 6, and a new ballot for 70% of the liquidation threshold will be launched on September 13. In addition, BendDAO will launch a ballot to change the auction cycle from 24 hours to 12 hours on August 30 and a ballot to change the auction cycle from 12 hours to 4 hours on September 6.
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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