02-28-2020, 08:01 PM
$3 million DeFi loans liquidated
<!-- SC_OFF --><div class="md"><p>It's raining blood.</p> <p>This headline: "ETH Locked in DeFi Crosses 3 Million, Accurately Predicting Ethereum’s Latest Rally" (source: <a href="https://ethereumprice.org/newsletter/eth-locked-in-defi-crosses-3-million-accurately-predicting-ethereums-latest-rally/">https://ethereumprice.org/newsletter/eth-locked-in-defi-crosses-3-million-accurately-predicting-ethereums-latest-rally/</a>)</p> <p>And then this headline: "As Ethereum crashed 15%, stagerring $3 million DeFi loans got liquidated" (source: <a href="https://cryptoslate.com/as-ethereum-crashed-15-stagerring-3-million-defi-loans-got-liquidated/">https://cryptoslate.com/as-ethereum-crashed-15-stagerring-3-million-defi-loans-got-liquidated/</a>)</p> <p>59% of liquidations happened on dydX Protocol and 40% are from Compound Finance.</p> <p>Ankit Chiplunkar on Twitter: "One liquidation event earned a profit of $40k DAI in a single transaction. It also destroyed 49 contracts (via gasToken) consuming less gas and pay a fee of only $8.</p> <p>Another liquidation event paid $580 in fees (2.5ETH) to earn a profit of $2.5k DAI in a single transaction. A total of 125 transactions have paid more than 1 Eth via fees to miners, almost all related to liquidation events."</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>It's raining blood.</p> <p>This headline: "ETH Locked in DeFi Crosses 3 Million, Accurately Predicting Ethereum’s Latest Rally" (source: <a href="https://ethereumprice.org/newsletter/eth-locked-in-defi-crosses-3-million-accurately-predicting-ethereums-latest-rally/">https://ethereumprice.org/newsletter/eth-locked-in-defi-crosses-3-million-accurately-predicting-ethereums-latest-rally/</a>)</p> <p>And then this headline: "As Ethereum crashed 15%, stagerring $3 million DeFi loans got liquidated" (source: <a href="https://cryptoslate.com/as-ethereum-crashed-15-stagerring-3-million-defi-loans-got-liquidated/">https://cryptoslate.com/as-ethereum-crashed-15-stagerring-3-million-defi-loans-got-liquidated/</a>)</p> <p>59% of liquidations happened on dydX Protocol and 40% are from Compound Finance.</p> <p>Ankit Chiplunkar on Twitter: "One liquidation event earned a profit of $40k DAI in a single transaction. It also destroyed 49 contracts (via gasToken) consuming less gas and pay a fee of only $8.</p> <p>Another liquidation event paid $580 in fees (2.5ETH) to earn a profit of $2.5k DAI in a single transaction. A total of 125 transactions have paid more than 1 Eth via fees to miners, almost all related to liquidation events."</p> </div><!-- SC_ON --> Kind Regards R