TAI has become too small to be sustainable. WIth sub 100k debt, there isn't enough revenue to pay for keeper work (updating prices, rates and other tasks). The system in it's current state is dangerous, therefore we are proposing shutting it down.

The global settlement process will ensure that:

a. Deposits are no longer accepted

b. Safes still open get their collateral back, with the debt discounted

c. TAI holders get their value back in one of the collaterals

This is also important because due to the low liquidity of TAI, some SAFE owners might not be able to obtain enough TAI to repay their debt. This ensures that they get the fair value of their collateral (minus their debt) back.

A breakdown of the process is available here