Drops Ownership Power (DOP) is a token of the platform with NFT staking and NFT loans, which combines NFT fractionation, non-trust loans and LP tokens.

Drops Ownership Power today, DOP crypto latest news of token ticker

Drops Ownership Power

The need for better liquidation incentives

[DIP-1] upgrade NFT liquidation process

Telegram

[DIP-1] Upgrade NFT liquidation process.
Vote is live.

TL;DR
- When single NFT is supplied as collateral debt needs to reach 90% of NFT's value to be liquidated.

- Multi collateral loans don't have this issue.

- There are 2 loans totalling 66 ETH that can't be liquidated because their debt didn't reach 90% of collateral value.

- Proposal:
Upgrade liquidation mechanism where NFT can be always liquidated once borrow limit gets exceeded.

Vote here:
https://snapshot.org/#/dropsdao.eth/proposal/0xb96dc69a7ae35127e6d107a9cff95be31423708e4e43f010776e558c9d8022bc

More information:
https://dropsnft.medium.com/dip-1-nft-liquidation-process-improvement-proposal-b574987e62d6

[DIP-1] Upgrade NFT liquidation process. Vote is live.