With Treasure DAO migrating off Arbitrum and moving their MAGIC liquidity with them, we move to deprecate this market. Two market functions, minting and borrowing, are temporarily suspended while the proposal is being considered. In addition MAGIC, we move to formally deprecate DPX which has already migrated to a new token.
Voting Instructions:
Vote Yes if you agree to:
Set magic collateral factor to 0 Set dpx collateral factor to 0 Keep market functions paused
Vote No if you are against it
If the proposal passes it will go into effect on November 1st 2024. Anyone relying on magic or dpx to keep their account healthy will be liquidated at that time. To avoid liquidation, remove magic and dpx as collateral or add sufficient other forms of collateral to keep your account healthy.