As the ongoing vote showed an overwhelming consensus for YES of LIP022, we have proceeded with the liquidation process to minimize uncertainty and safeguard the protocol. With support from @Re7Labs, who have taken proactive steps in users’ best interest, we’ll continue working together toward a smooth and transparent resolution — their professionalism and openness have been key for the community. Liquidation details: 1/ Liquidation has been actively handled and is nearly complete (final settlement data is being verified) 2/ A portion of the liquidation penalty fees is automatically collected under our account, these funds will be used to repurchase collateral once the calculations are finalized. 3/ Any remaining positions that haven’t been liquidated will be moved to the public liquidation pool, allowing anyone to participate in the clearing process. 4/ The USDX/USD1 market interest rate will be adjusted to 3%, as there’s no need to continue accruing interest while the market is under liquidation.