With all the liquidations, it’s a good time to refresh your understanding of backstop mechanisms if you’re a gov token holder. In particular, I’d recommend checking to see if any first loss buffer is empty, thereby making you the de facto first loss.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.