liquidating by voting at the current price is just stupid. Look at upgrading your protocol so it slowly bleeds according to market conditions and liquidity on DEX so users are incentivized/penalized to maintain health not by Twitter begging.
About this paragraph:
The intent is to allow the liquidation to be handled gracefully OTC with e.g. 3% slippage vs on a DEX with 46% slippage.
Ideally this would be done on-chain with no emergency procedure. But due to the urgency of the problem, responsiveness is key.