proxy

longtime SNX community member bought $SNX at ICO, held and staked since 2020, didn't "sell even 1 SNX"

at peak was worth 402k (liquid, like he could have actually sold that much)

got liquidated (not using leverage, staking SNX and borrowing sUSD) last night.

longtime SNX community member bought $SNX at ICO, held and staked since 2020, didn't "sell even 1 SNX"

at peak was worth 402k (liquid, like he could have actually sold that much)

got liquidated (not using leverage, staking SNX and borrowing sUSD) last night. 

https://x.com/SNXified/status/1820386348194316400

quorum: QmaEid69anVnNMGMD91sjYJDCLvcRwMTE2XehkgbAGvTJs

You can mint sUSD against staked SNX but must maintain >160% CR if it goes below this you get flagged for liquidation and have some time to fix it (not sure how long) otherwise you get liquidated