Lista DAO Begins USDX Market Liquidation

Lista DAO has initiated a mandatory liquidation process for its USDX market, according to recent news from Foresight News. The proposal, LIP022, has received strong community support as the majority have voted in favor of activation. This decision aims to mitigate uncertainty and protect the protocol’s stability. Re7 Labs is collaborating with Lista DAO throughout this process. A portion of the liquidation penalties will be automatically deducted from accounts, which will be used to repurchase collateral after a thorough calculation. Unliquidated positions will be pooled publicly for broader participation in the liquidation procedure. Additionally, the USDX/USD1 market interest rate has been adjusted to 3%, as there is no need to continue accruing interest during this period of market rebalancing.