DeFi Liquidations Spike Amid Market Slump
It’s a bloodbath in crypto markets and DeFi borrowers are feeling the pain as liquidations spike. Total liquidation volume jumped to $14.6M on Jan. 10, almost tripling from the previous day, according to data compiled by DeBank. Risk of Leverage Liquidations, which in this context are the resale of borrowers’ collateral by other market participants,…