
FastingGod
8.4K posts

















🚨 $PLS price dropping much further could force @liquidloansio into recovery mode - a place the ecosystem really doesn't want to be. Total Collateral Ratio (TCR) is currently ~160%, at 150% the protocol enters recovery mode. At that point, lots of vaults get liquidated and the $PLS redistributed to the stability pool. This could potentially result in a flood of $PLS hitting the market. Either people need to start repaying their vaults, topping them up with more collateral, or $PLS price needs to stop going down here - otherwise, recovery mode is increasingly likely.

Some of you see the price down bad and sell just to save what’s left. Others see it down this much and can’t sell because at these levels, it’s already worth nothing to us. Why dump it for dirt cheap when you can just hold? Even better I’d rather be buying here than selling here.











