The Various Decentralized finance (DeFi) lending platforms have actually liquidated some $25 million in basic assets on Monday as the price of ether actually plummeted as much as fifteen percentsge at $1,655 before it was so rebounding.....
, It is actually confirmed to actually be the highest amount which occured in three months ago since the Nov. 25 and it actually saw $93 million in liquidations.....
It was confirmed that Some 57% of all the liquidations were actually worth $13.6 million and it actually came from the lending platform Compound
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The DeFi lending platforms do actually enable all investors to be able to actually take over collateralized loans....
According to a data provider by a platform named "DeFi Pulse", some billion in all the assets are confirmed to be currently locked in the lending markets with the MakerDAO confirmed to being the largest at a total locked value at $6.54 total value locked (TVL)....
The fact is that the actual ethereum High gas fees are possible contributor to the DeFi liquidations.....a Gas fee which is denominated in ether (ETH, -8.23%), is actually confirmed to be needed to be able to actually close out positions so as to prevent liquidation.....
The cost of an average transaction fee was said to have hit a high fee of up to 29$ for a basic transaction..........
The high gas fees is really affecting alot of investors and alot of projects....
Recently Binance also announced how they spent millions of dollars because of the gas fees...