On August 19, the BAYC floor price fell below 70 ETH, BendDAO liquidated through the auction mechanism, and the first two BAYCs triggered the liquidation auction, vs01.eth address participated in the auction and bought BAYC842 and BAYC7860 for 82.64 ETH and 68.69 ETH respectively.
The liquidation mechanism of BendDAO is an on-chain auction instead of selling in the market, which reduces the risk of triggering serial liquidation.
Currently, about 40 BAYCs have a health factor of less than 1.1 and about 70 less than 1.2. It is expected that 40 BAYCs will face liquidation when the BAYC floor price drops to 65 ETH, and 70 BAYCs will face liquidation when the BAYC floor price drops to 59 ETH.
According to the market, vs01.eth is the wallet address of Vision Chain, a high-performance public chain for the metaverse. The 2 BAYCs purchased will be used to build and spread its brand IP image, and will be used as a carrier to create a more diversified Metaverse world on Vision.
