Maple of decentralized credit protocol reported That none of the positions of the user of the platform was liquidated during the price accidents of February 2, which led to any bad debt.
He also indicated that users have deposited $ 10 million to strengthen their margins during the period to avoid liquidation events. More than $ 10 billion was liquidated in a single day, Car Ethereum (ETH) fell briefly in the $ 2,000 price area and that large cryptocurrencies experienced decreases ranging from 10% to 30% .
Maple is a decentralized credit protocol in which users deposit assets in a pool that acts as a credit line for institutions. According to Rwa.xyz dataMaple managed $ 2.5 billion in loans to February 7.
The report pointed out that Maple blue products and high -performance secure loan products have remained fully upgraded during this volatility, attributing it to margin calls issued before collateral levels become essential.
The high -efficiency secure swimming pool saw $ 2 million in players during mass liquidations on February 2.
The Blue Chip Secure Pool of Maple accepts only Bitcoin (BTC) and ETH warranty, owned by qualified guards. Meanwhile, the secure high -performance pool obtains higher yields by subscription loans supported by specific digital assets and reinvesting the warranty in stimulation or secure loans.
Syrup is a swimming pool that combines the two strategies to increase yields, therefore presenting more risks. The pool has issued margin calls to 35% of its loans, which led to $ 5 million in new deposits.
The borrowers posted an additional $ 7.4 million in warranty and reimbursed $ 7.4 million in loans, strengthening the stability of the Maple loan book.
Since February 6, the levels of collateralization between the pools were on average 165%.
The report also pointed out that the performance options available in the DEFI protocols have been removed while their strong boxes have continued to provide two -digit annual yields.
Aave deals $ 210 million in liquidations
Aave also worked as planned during the major liquidations on February 2. According to Chaos Labs dataThe money market has successfully treated $ 210 million in liquidations while maintaining any additional bad debt.
Chaos Labs stressed that Aave’s liquidation mechanisms have assured that the positions were adjusted effectively. Most liquidations have occurred on the main body of Ethereum, minimizing losses in the protocol.
Despite the extent of the liquidations, the current poor emission debt decreased by 2.7% due to the drop in the value of debt assets.
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