DAO News

BendDAO May Cause BAYC Floor Price to Fall Due to Cascading Liquidation, and New Proposals May Be at Risk

Blockworks Research analyzed the reasons why BendDAO affected the decline in BAYC floor prices on social media, and pointed out that there may be problems with the cascading liquidation mechanism designed by BendDAO, that is, when the value of loan collateral declines and approaches the borrowed value, such as through liquidation The threshold will auction the collateral.

MakerDAO May Choose to Sell All USDC in the Protocol

MakerDAO co-founder Rune Christensen said in Discord that MakerDAO may choose to sell all of its USDC exposure in the protocol, a move that could trigger a decoupling of DAI from the U.S. dollar and needs to be prepared for that scenario.