Lista DAO activates USDX market forced liquidation mechanism
Foresight News reported that Lista DAO announced the community is voting on the LIP022 proposal, with the majority supporting the activation of the USDX market forced liquidation mechanism. Lista DAO has initiated the liquidation process to minimize uncertainty and protect the protocol, with support and cooperation from Re7 Labs. A portion of the liquidation penalties will be automatically deducted from their accounts, and these funds will be used to repurchase collateral after calculations are completed. Remaining positions that have not yet been liquidated will be moved to a public liquidation pool, allowing everyone to participate in the liquidation process. The USDX/USD1 market interest rate will be adjusted to 3%, as there is no need to continue accruing interest during the market liquidation period.
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