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But we saved everything 🙂.
Stani Kulechov: Over $100 million in Aave liquidations in 24 hours
Stani Kulechov, founder and chief executive officer (CEO) at Avara, reported that over $100 million in liquidations occurred on Aave during the past 24 hours.
According to Kulechov, this activity served as another test of the protocol's resiliency, though it was not the largest stress event. He also noted that Aave users can directly repay loans with collateral through the platform's interface to help reduce the risk of liquidation.
Kulechov recently announced Whop as the first fintech to integrate DeFi Earn, enabling more than 21 million businesses to earn yields on idle balances through Aave’s ecosystem (Whop offers DeFi Earn). Earlier, Bitwise gained approval as an asset issuer on Aave Horizon for the USCC tokenized carry fund (Bitwise approved as asset issuer). Both developments highlight ongoing institutional adoption of Aave’s platform.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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