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Liquidations

The novel insurance module described above is made possible because only the DAO can conduct liquidations. Liquidations will occur when the debt/collateral value equals or exceeds 36%. When users are liquidated, the DAO repays the users' PUSd debts by burning PUSd in the DAO. Liquidated NFTs will go up for auction typically, and more details are available in the Auctions section of the documentation.