

DeFi Protocols Show Resilience During Market Crash, Aave Processes $300M in Liquidations
DeFi protocols demonstrated resilience during this week's market crash, with Aave facing its largest liquidations ever amounting to $300 million on Ethereum mainnet.
DeFi protocols showed resilience during the recent market crash, with Aave facing its largest liquidations ever. Most of the liquidations occurred from stablecoin loans against wstETH collateral, IntoTheBlock reported.
Despite ETH crashing by up to 25% within a week, liquidations were successfully executed, rebalancing the protocol and contributing $6 million in profits to the Aave DAO.
The settlement of hundreds of millions in liquidations occurred without relying on a central point of failure, all executed automatically by smart contracts.
Liquid restaking tokens (LRTs) and yield-bearing stablecoins experienced brief deviations from their pegs. EtherFi’s eETH, the largest LRT by market cap, slipped by up to 2% during Monday’s crash but recovered within six hours. Non-redeemable LRTs faced steeper discounts but also recovered most of the discount.
Ethena’s USDe maintained its peg to the dollar, with its supply decreasing by $100 million due to redemptions. The stablecoin did not depeg by more than 0.5% despite the market volatility.
Overall, both new and established decentralized finance (DeFi) protocols successfully weathered the macro storm, demonstrating the industry’s ability to withstand harsh conditions without external interference.
The above is the detailed content of DeFi Protocols Show Resilience During Market Crash, Aave Processes $300M in Liquidations. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

In a devastating blow to investors, the OM Mantra cryptocurrency has collapsed by approximately 90% in the past 24 hours, with the price plummeting to $0.58.

Have you noticed the meteoric rise of meme coins in the cryptocurrency world? What started as an online joke has quickly evolved into a lucrative investment opportunity

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10.

The draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills