SIP-0094 (Parts 1–3): Perimeter Fee Activation and Adoption Fund Transfer

[TM1]

Public Disclosure #4 - Yago's SOV Loans Liquidate, Bad debt, and Profit Trail

Yago’s SOV Loan Exits Yago’s SOV Loans discussed here in March unfortunately have finally reached liquidation. Two days ago on August 16th, a liquidator attempted to seize and sell around 1.5 million of the 7 million SOV intended to liquidate and leave bad debt with RBTC lenders. Unfortunately this liquidator likely lost money almost immediately trying to sell into the sovryn SOV/RBTC illiquid AMM pool. As of now the collateral is bad debt and is no longer profitable for a liquidator to sell the…