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DeFragDAODeFragDAOby0x9C9adCc2129b3f0c299E0Fc4e23d8B51aE22E183longcuts.eth

[LIQ-1] Liquidation of 3 Common Genesis Legions.

Voting ended almost 3 years agoSucceeded

👤 Liquidated User: 0x06fee2818ed2bfce2635b03a231ebbc9dd18860f

🔗 Liquidation Transaction.

💦 Liquidated NFT Collateral:

3_Common_Genesis_Legions.png

  1. Genesis Common Fighter #3977
  2. Genesis Common Assassin #3721
  3. Genesis Common Spellcaster #3120

💸 Outstanding loan balance: 8,419.42 USDC

💰 Break-even: $2,806 USDC / Common Genesis Legion NFT

🗳️ Voting:

  1. Sell liquidated Legions on Trove market to MAGIC and convert to USDC asap to cover as much of the outstanding loan balance as possible.
  2. Sell liquidated Legions on Trove market to MAGIC and hold until USDC rate goes up enough to cover liquidated loan.
  3. Do nothing for now. Hold 3 Common Genesis Legions and revote on what to do next in 45 days.

Off-Chain Vote

Sell to USDC
2 METAMATH7.1%
Sell to MAGIC & hold
23 METAMATH82.1%
Hold Legions & revote in 45 days
3 METAMATH10.7%
Quorum:112%
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Discussion

DeFragDAO[LIQ-1] Liquidation of 3 Common Genesis Legions.

Timeline

Feb 27, 2023Proposal created
Feb 27, 2023Proposal vote started
Mar 03, 2023Proposal vote ended
Oct 26, 2023Proposal updated