I’ve been following the conversations around liquidation as I, too, lost everything. Nothing new to add to that conversation; the 13% liquidation confusion also caught me.
My issue is with the increase in minimum to $5000 DAI
I understood the risk that somehow all of my collateral could be lost in a freak event, but I had my risk managed at a level I was comfortable with. Then one day I have to more than double my collateral at risk to meet the new $5k criteria, or I can’t transfer or manage my own available ETH or DAI. I do not find this acceptable as now I have lost more than I desired to risk.
What can be done to compensate?
Thanks for everyone’s support.