This is insane!

*CORE DAO UPDATE!* 📰

A series of large market sells triggered a rapid liquidation cascade on Colend, placing significant acute downward pressure on CORE.

The Colend protocol operated in line with its design, and positions below required collateral thresholds were liquidated. The cascade has largely played out, with the vast majority of positions cleared and limited residual exposure remaining in the system. This was a market-driven event.

Core Foundation and the Colend team have been actively working together in response to the event to support orderly protocol operations.

We will continue to monitor conditions and provide updates as needed.


At this juncture, investing in $Core comes with huge caution, so one don't regret it tomorrow, I hope our potential investors will do diligent research to ascertain the risks involved, before they invest.

Do not be in a haste to enter the market, it's very manipulative, you may witness further dip or a little rise, just trade with utmost caution.