Ric (and Bob and Hannah and…) has done an great job at moving IST forward, getting new collaterals, etc., and simultaneously continually driving the costs and risks down while keep system integrity high. While it didn’t get the needed traction, it was a good bet and a good run. Thank you so much for your valiant efforts.
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Very appreciate Your answer.
In terms of 50 million sold:
it is simple math: You have to sell BLD in order to spend 1 million dollars per year on Inter Protocol.
During last 9 months average BLD price was 5 cents. 1 m dollars divided on 5 cents equals 20 million BLD.
The same math we can make for previous periods 2022-2023.
Therefore if i see on Your wallet account as for today only 51 million BLD from 100 million, that You had in 2022 it makes sense, that you sold them.
Could it tanks the price? Definitely YES.
Zero network usage, absence of daaps, low demand and at the same time 50 million sold.
But it’s not DCF fail. It’s Agoric UpCo fail. It’s their responsibility in terms of building dapps and make network usage.
DCF did what it had to do: support Inter Protocol and i am very regret of sunsetting it.
And i wish Agoric UpCo all the best and i will support their efforts with orchestration despite tough previous years.
The Agoric community has voted. The strategic sunsetting of Inter Protocol has begun.
Let’s break down what comes next 
New vault creation and IST minting will be disabled effective immediately.
Vaults users are encouraged to reclaim collateral and close their vaults.
The PSM will function as normal until the end of the wind-down period.
Thank you for your continued and active engagement!
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A detailed FAQ was just published to address all your questions or concerns regarding the sunsetting of Inter Protocol. Read through to better understand the events leading up to the sunsetting period, as well as information, instructions, and necessary actions users are encouraged to take.
If you still have outstanding questions, don’t hesitate to reach out.
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Inter Protocol Community Call Happening Today
The DCF is hosting an Inter Protocol Community Call to share an update on the progress of the sunset and provide information on next steps.
It will take place on Inter Protocol’s X on May 28th, 2025, at 16:30 UTC.
Set your reminders here: https://x.com/i/spaces/1BdxYqMaLwZxX
Vaults’ Collateralization Ratio Was Raised by 50%
As per the Inter Protocol wind-down plan outlined in this thread, starting in June, the Economic Committee begins weekly 50% increases of vaults’ collateralization ratio. The goal is to trigger liquidations of open vaults.
The updated schedule for weekly increases is as follows:
- June 2
- June 9
- June 16
- June 23
If there are any outstanding vaults on June 30, the last day of the sunsetting period, the collateralization ratio will be additionally raised to a level that closes them all.
The second increase of vaults’ collateralization ratio by 50% is already a fact.
Following the 60-day wind-down plan approved by the Agoric community, Inter Protocol’s Economic Committee will be raising the collateralization ratio by 50% every week in June. The second one occurred on June 9, 2025. The goal is to trigger liquidations of outstanding vaults.
June 30, 2025, the last day of the wind-down period, is quickly approaching. Make sure to close your IST vaults and outstanding positions.