BendDAO will start voting tomorrow on whether to adjust the liquidation threshold to 75%, and the auction cycle is still 24 hours

BendDAO, the NFT mortgage lending agreement, tweeted that according to the BIP#10 implementation plan, from 20:00 on September 6, Beijing time, the liquidation threshold will be adjusted to 80%, and a new vote will be launched to decide whether to adjust the liquidation threshold to 75% . Since BIP#10-2 failed to pass the vote, the auction period (24 hours) will not be adjusted. Foresight News previously reported that the BendDAO community proposal BIP#10 will vote in stages to adjust the liquidation threshold and auction cycle. Among them, when the liquidation threshold reaches 80%, a vote for a liquidation threshold of 75% will be launched on September 6, and a new vote for a liquidation threshold of 70% will be launched on September 13. In addition, BendDAO will launch a vote to adjust the auction cycle from 12 hours to 4 hours on September 6.