Lista DAO Initiates USDX Market Liquidation Process

According to Foresight News, Lista DAO has announced that the community is voting on the LIP022 proposal, with the majority supporting the activation of a mandatory liquidation mechanism for the USDX market. Lista DAO has commenced the liquidation process to minimize uncertainty and protect the protocol, with support and collaboration from Re7 Labs. A portion of the liquidation penalties will be automatically deducted from accounts, and these funds will be used to repurchase collateral once calculations are complete. Remaining unliquidated positions 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 accumulating interest during the market liquidation period.