The recovery has been done, we have sent back the coins to the treasury we have not used after getting back our vault collateral in KSM price terms. 

https://kintsugi.subscan.io/extrinsic/4546820-2

**Date**: 12th December 2023
**Proponent**: a3dvJhhEcsFE2M3znPdPVh4XDc742xahecCjY7Hpes1AZhL2w
**Requested KINT**: 25,620

**Summary**:

The proposal addresses an unjust liquidation of the proponent's LKSM vault (a3dvJhhEcsFE2M3znPdPVh4XDc742xahecCjY7Hpes1AZhL2w) on the Kintsugi network. Despite responsible management and a collateralization level of 195%, the vault faced liquidation due to a sharp price drop in LKSM on 8th December 2023. The proponent argues that this was caused by reliance on low liquidity markets on Karura DEX and the absence of a more liquid pool in the Kintsugi oracle feed, which they are present. The liquidation resulted in a loss of 6,598 LKSM valued at $28,899, while 0.340412 BTC valued at $14,955 remained in the vault, leading to a net loss of $13,944. The results in a request is 25,620 KINT as compensation, equivalent to the loss, and highlights the need for improved oracle data integration to prevent similar incidents on the LKSM oracle-feed. 

The full proposal can be read [here](https://docs.google.com/document/d/1rjoGuGwUFO6AI3nIAyaqh5Jnwd_zrRNRlzwJePY9Jgw/edit?usp=sharing)

**Update on the proposal: 14-12-2023**

Seeing the price of Kintsugi surging, I want to clarify that kintsugi left after to recover the 13,944USD will be sent back to treasury. 

Request for compensation due to unjust LKSM Vault Liquidation