Key Notes

The vote has 18 participants so far, all voting yes to enable forced liquidation of the USDX market.

MEV Capital set its allocation cap to zero and updated the Interest Rate Model for the USDT/sUSDX market in response.

Borrowing rates in the affected vaults reached 800% with zero repayments from major borrowers linked to Stables Labs.

Lista DAO launched an emergency governance vote on Nov. 6, 2025, to enable forced liquidation of the USDX market involving vaults managed by MEV Capital and Re7 Labs. The vote, designated as LIP 022, will run until Nov. 9 at 12:12 PM through the Snapshot platform.

At the time of writing, only 18 veLISTA token holders have voted, all in favor of the liquidation measure. The proposal targets abnormally high borrowing rates in vaults where collate

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