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Article • 3 months ago

DeFi Whale Liquidated for over $100 Million as ETH Prices Plummet

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DeFi Whale Liquidated for over $100 Million as ETH Prices Plummet
Summary
  • ETH prices plunged more than 14%, leading to liquidations on DeFi lending platforms.
  • Sky lending platform requires overcollateralization, with users needing to deposit $150 worth of ETH to borrow 100 DAI.

Source: https://cointelegraph.com/news/ethereum-whale-loses-106-million-maker-amid-crypto-bloodbath

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DeFi Whale Liquidated for over $100 Million as ETH Prices Plummet | DePIN Hub