4 months ago
Decentralized recognition protocol Maple reported that nary of the level users’ positions were liquidated during the Feb. 2 terms crashes, resulting successful nary atrocious debt.
It besides reported that users deposited $10 cardinal to reenforce their margins implicit the play to debar liquidation events. Over $10 cardinal was liquidated successful a azygous day, arsenic Ethereum (ETH) concisely dropped into the debased $2,000 terms country and large cryptocurrencies experienced declines ranging from 10% to 30%.
Maple is simply a decentralized recognition protocol successful which users deposit assets into a excavation that acts arsenic a recognition enactment for institutions. According to rwa.xyz data, Maple managed $2.5 cardinal successful loans arsenic of Feb. 7.
The study highlighted that Maple’s Blue Chip and High Yield Secured Lending products remained afloat overcollateralized during this volatility, attributing this to borderline calls issued earlier collateral levels became critical.
The High Yield Secured excavation saw $2 cardinal successful inflows during the monolithic liquidations connected Feb. 2.
Maple’s Blue Chip Secured lending excavation lone accepts Bitcoin (BTC) and ETH arsenic collateral, held by qualified custodians. Meanwhile, the High Yield Secured excavation achieves higher returns by underwriting loans backed by circumstantial integer assets and reinvesting the collateral successful staking oregon secured lending.
Syrup is simply a excavation that combines some strategies to boost yields, consequently presenting much risks. The excavation issued borderline calls to 35% of its loans, which led to $5 cardinal successful caller deposits.
Borrowers posted an further $7.4 cardinal successful collateral and repaid $7.4 cardinal successful loans, strengthening Maple’s indebtedness publication stability.
As of Feb. 6, collateralization levels crossed pools averaged 165%.
The study besides highlighted that output options disposable successful DeFi protocols were withdrawn portion their vaults continued to present two-digit yearly returns.
Aave processes $210 cardinal successful liquidations
Aave besides operated arsenic intended during the ample liquidations connected Feb. 2. According to Chaos Labs data, the wealth marketplace successfully processed $210 cardinal successful liquidations portion maintaining zero further atrocious debt.
Chaos Labs highlighted that Aave’s liquidation mechanisms ensured that positions were settled efficiently. Most liquidations occurred connected the Ethereum main instance, minimizing losses to the protocol.
Despite the standard of the liquidations, Aave’s existing atrocious indebtedness decreased by 2.7% owed to the declining worth of indebtedness assets.
The station Maple reports nary summation successful atrocious debt, $10M inflows amid caller marketplace crash appeared archetypal connected CryptoSlate.
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