ETH defi faces massive liquidations around $720
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The recent drop ETH price in the crypto market is seeing some potential liquidations looming. Available data points to MakerDAO and AAVE as the biggest targets. https://defillama.com/liquidations/eth According to the data that is readily available on DefiLlama there is almost 500.000 ETH to be liquidated if the price reaches ~$720 The recent FTX hack along with some macro stuff might be a tipping point in finally reaching those huge liquidations. Just to remind you, these boys were saved by a thread last time during the 3AC liquidation. This time there is no SBF to dump, but the sheer weight of the bear market… and an occasional hacker. submitted by /u/Chysce |
