Aave Executive Reports $39 Million in Liquidations
DEFIAavecoinbrief/daily · 1 source
- Severity
- Medium
- Sources
- 1
What happened
A senior figure at the lending platform Aave, Luigi D'Onorio DeMeo, said about $39 million worth of positions have been liquidated. Around $18 million was liquidated on one day, and $21 million so far on the following day. Liquidations happen when borrowers' collateral is sold to cover loans that have fallen below safe levels.
Like I’m new · Written by AI from 1 source · Wrong?
What to do
- No action needed.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
The Defiant
Who and what is in it
Products