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DeFragDAODeFragDAOby0x5b39C3907Bd9db69B435A6cbf485915135FfFfd60x5b39…Ffd6

[LIQ-4] Liquidation of 4 Smol Brains.

Voting ended almost 3 years agoSucceeded

Liquidation documentation: https://docs.defrag.fi/protocol/liquidations  👤 Liquidated User: 0x5a347caeeca5d1962f86c35e0c9eb94d5196bb58  🔗 Liquidation Tx: https://arbiscan.io/tx/0xf8225b3b762c050182e21682d0f761b18991f52f0fe0be671cfb196f82c8afe4  💸 Outstanding loan balance: $7,356.951 USDC  💦 Liquidated NFT Collateral:

Smol Brain #6931 Smol Brain #9740 Smol Brain #12428 Smol Brain #12702

🗳️ Voting:

Sell liquidated Smols on Trove marketplace to MAGIC and convert to USDC asap to cover as much of the outstanding loan balance as possible. Sell liquidated Smols on Trove market to MAGIC and hold until USDC rate goes up enough to cover liquidated loan. Do nothing for now. Hold Smols and revote on what to do next in 45 days. Initiate an auction and sell liquidated assets to the highest bidder.

Off-Chain Vote

Sell to Magic
0 METAMATH0%
Sell to USDC
0 METAMATH0%
Do nothing & revote in 45 days
54 METAMATH100%
Sell on auction
0 METAMATH0%
Quorum:216%
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Timeline

Mar 30, 2023Proposal created
Mar 30, 2023Proposal vote started
Apr 03, 2023Proposal vote ended
Oct 26, 2023Proposal updated