The Ether investor, who had a large position on the decentralized financial lending platform (Defi), has been filtered to more than $ 100 million, with the breakdown price of the ether.
Ether (EthThe whale lost 67,570 ETH with a value of about $ 106 million when the original was destroyed by 14 % on April 6, which led to the liquidation of its guaranteed debt site in the sky, According to For the manufacture of VAULTS Explorer Defi Exploration, as Note By lokonchain.
The sky lending protocol, which Rename From Maker in August, participants in Defi are used to create guaranteed debt positions by providing encryption, eth in this case, to borrow Stablecoin from the Basic System, Dai (Dai).
The system uses excessive conversion, usually 150 % or higher, which means that users need to deposit at least $ 150 of ETH to borrow 100 Dai.
The protocol independently monitors the value of ETH guarantees for the borrowed Dai, and if the value of the ETH decreases and the warranty ratio decreases below the minimum requirements, the position becomes eligible for liquidation.
The liquidation of this whale occurred when the percentage decreased to 144 % with a decrease in the price of the soul.
Rith whale qualifications. source: Defi Explore
At the same time, a spot on the chain I mentioned The last whale provided 56,995 cabbage, worth about $ 91 million, to borrow it was about the liquidation.
At a filter event, Sky seizes ETH guarantee, which is being sold auction for the borrowed Dai Plus fees. Any remaining guarantees are returned after paying the debt to the user.
Ethereum price at its lowest level in Market
ETH prices have decreased by 14.5 % over the past 24 hours, as they decreased to $ 1547 at the time of writing this report, as the broader encryption market dissolves in reaction to US President Donald Trump Selling the market caused by customs tariffs.
The last time ETH was traded in October 2023, when Crypto was still deep in the bear market, almost a year after the FTX exchange collapsed.
ETH remains a decrease of 68 % from its highest level ever in 2021, and you are likely to see more losses Defi Users are filtered unless they can provide more guarantees.
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