Whale Dodges $16 Million Penalty Amid $75 Million DeFi Liquidation
A major Maker user narrowly avoided a ~$16 million penalty on a loan of ~$75 million taken in 2021 by promptly sending 2000 ETH and 1.5 million DAI. Prior to sending additional ETH, the liquidation price was approximately $1932.08. The debt-to-collateral ratio of 65,675 ETH had dropped to 176%. These actions reduced the liquidation level […]