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A 3% token move just triggered $36 million in Ethereum DeFi liquidations

Covered by 1 source · 1 article

One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.

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A 3% token move just triggered $36 million in Ethereum DeFi liquidations
CoinDesk 1h ago

A 3% token move just triggered $36 million in Ethereum DeFi liquidations

One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.