BendDAO's New Proposal BIP#10 Suggests Adjusting Implementation Plans of Liquidation Thresholds and Auction Duration

The NFT Lending Protocol BendDAO community released a new proposal BIP#10 that suggests voting and implementing in phases for both Liquidation Threshold and Auction Duration. In particular, when the liquidation threshold reaches 80%, new voting for the Liquidation Threshold of 75% and 70% will be initiated. And two additional votes will be initiated to decide the suitable Auction Duration.