PSA for DeFi Saver users (and all CDP owners really)

CDP Owners: If you see that the next price update in MakerDAO is below your CDP/Vault liquidation price, please make adjustments to protect your CDP accordingly. We recommend Repaying, Paying back debt or adding more collateral to increase your ratio.

Automation users: In case the price in MakerDAO drops below your liquidation price the system would be racing against the liquidation bots trying to Repay your debt before liquidation is initiated. We cannot provide any guarantees regarding outcomes in such a scenario.

Please use https://ethgasstation.info/ for gas price estimates and don't attempt any low gas prices. The network is on fire and using fast is absolutely recommended.

If you have any questions, please don't hesitate. Discord or here on reddit is preferred.

submitted by /u/nikola_j
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Originally from MakerDAO https://ift.tt/3aMilcE