the DAO voted in the powers for labs to do this.
reason why it was voted in:
it is nearly impossible for borrowers to navigate the market when stablecoins are swinging upwards of 30% off peg and transactions can't go through due to block congestion
using the powers granted to them, they protected many borrowers today $LQ
Quote
Liqwid
@liqwidfinance
Given current market conditions, the Liqwid Labs team has taken down the protocol by pausing all markets. This means that:
- No new debt positions can be created.
- Existing debt positions cannot be accessed.
- Existing debt positions are protected from liquidation.
- The UI has
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