An Ethereum user saved several makerdao positions from the brink of a $ 360 million cascade extermination on Tuesday, increasing collateral at the last time as the ETH price collapsed.
One of position There was a price of extermination of $ 1,928, it was that it was stalled alongside a market pumping at the time of US trading time. ETH is less than two minutes away from being liquid and sold at a makerdao auction to the purse -owned purse deposit 2,000 ETH from Bitfinex as additional collateral. It also pays a $ 1.5 million worth of Dai Stablecoin.
The purse in question was shocked by saving a position as usual as previously inactive since November.
The particular position is not yet in the woods; It is liquid if ETH drops to $ 1,781 or until the owner increases more collateral. Ether is currently trading at $ 1,928 who has been bouncing from the low $ 1,788.
Another purse, which according to the X account Lookonchain was suspected of being the Ethereum Foundation, depositing 30,098 ETH ($ 56.08m) to reduce the price of its position to $ 1,127.
While the road -million dollar worth of fluids is relatively common in the derivatives markets, decentralized financial protocols (DEFI) such as Makerdao use only spot assets. This means that when a destruction occurs, the defi liquidity will not be able to cope with the spot supply of the spot asset. This does not occur with derivative exchanges as there is usually more amounts of liquidity and liquidity driven.
In this case, only one of the nine figures of extermination in Markerdao is likely to send ETH price collapse, the other weak position has been eliminated in its path.
Defillrama shows that there are $ 1.3 billion in liquid owners in Ethereum, with $ 352 million within 20% of the current price.
