Drops Announcements
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Less than 2 hours to go until our Twitter Spaces on "The Storm"! ⏰️

Set a reminder and tune in today at 6:00 PM ET! https://twitter.com/dropsnft/status/1552737208519610373?t=NHJz4lR_pZjZEQ3G8LtuWw&s=19
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It's Friday again! This week's version of our newsletter is definitely something you won't want to miss:fire:

https://dropsdao.substack.com/p/drops-dao-weekly-newsletter-july-471?r=nooww&s=w&utm_campaign=post&utm_medium=web

Here's what's inside:
-"The Storm" Twitter Spaces
- 2nd Dropping Alpha Twitter Spaces
-The Sandbox LANDS collection listing
-Lending pool stats
-Product dev updates
-NFT market stats
-Exciting NFT news
-Drops meme of the week
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New proposal to list Clone X and Meebits on Ocean pool is live!

Voting ends on 2nd of August at 7pm EST / 11pm UTC

Cast your votes now
https://snapshot.org/#/dropsdao.eth/proposal/0xdc92cbbcebfbd3c8bf49c94db8b89d1a638fec90a84a39b06b1b1e0f0b849353
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The storm puzzle #1 has concluded

Help contribute to unlocking the second puzzle by retweeting this tweet! Once the tweet reaches 50 retweets the second puzzle will be revealed!

https://twitter.com/dropsnft/status/1554579591389495301?s=20&t=F_67P4X_QGExqVfNGQDX4w
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We've added Meebits collections to DROPS! https://twitter.com/dropsnft/status/1555707545301487616
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Give it your all in puzzle #3 & #4 🌩 Puzzle #3 is not just any ordinary puzzle, once solved it will lead you to a spot the difference challenge! https://twitter.com/dropsnft/status/1556741506567966721?s=20&t=_RDt-ZUbfRSLxeDzk01OZA
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New Proposal to list Goblintown collection on DROPS DAO Lake pool. Cast your vote now!

https://snapshot.org/#/dropsdao.eth/proposal/0x265fbd1ed79fd4be78412b1728c8945f50a52a6bd88c09118ed6078f9b4613f1
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Join us in two hours for this week’s twitter space alpha drops episode where we will be joined by @RoscoKails the creator of @RevokeCash & @0xsmoky from @gotbit_io to discuss revoke cash, generative art, and more!

https://twitter.com/i/spaces/1yoKMWoNmydJQ
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An inspiring story for us in these markets... 👌🏻😎🙏🏻 . Let DROPS DAO unlock your liquidity! https://twitter.com/dropsnft/status/1563194689213280262
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DROPS DAO Twitter spaces now LIVE: Join us on Twitter right now for another spaces: https://twitter.com/i/spaces/1MnxnpYzzkVGO/peek
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[DIP-1] Upgrade NFT liquidation process.
Vote is live.

TL;DR
- When single NFT is supplied as collateral debt needs to reach 90% of NFT's value to be liquidated.

- Multi collateral loans don't have this issue.

- There are 2 loans totalling 66 ETH that can't be liquidated because their debt didn't reach 90% of collateral value.

- Proposal:
Upgrade liquidation mechanism where NFT can be always liquidated once borrow limit gets exceeded.

Vote here:
https://snapshot.org/#/dropsdao.eth/proposal/0xb96dc69a7ae35127e6d107a9cff95be31423708e4e43f010776e558c9d8022bc

More information:
https://dropsnft.medium.com/dip-1-nft-liquidation-process-improvement-proposal-b574987e62d6
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Liquidations contract has been successfully upgraded.

Refer to docs to learn more how liquidations work:
https://docs.drops.co/lending-pools/liquidations
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