These crypto whales will lose $ 230 million if Ethereemna price still falls – DL News

A couple of users highly values ​​are close to a combined $ 230 million because Ethereum’s price continues to fall.

The two users previously removed credits against large redanji of ether tokens on the Makerdao, the Protocol of the Defi, which changed its name in Ski in August.

But in the past year, ether has He lost his / her value half of her value. Once healthy loans are now at the immediate risk of liquidation.

If the Ether price drops below $ 1,787The MakerDao will start selling the first collateral in the whale to return their loans, adding more pressure to already the sick crypto.

With Etrom trading at $ 1,789 happy morning trading in the UK, whales must act quickly to add more collateral or pay their debt.

Otherwise, they will be fabricated with great losses.

Dealing with liquidation

Another kit that recently overturned its warranty and paid some of their debt, will still face liquidation if the ether falls around $ 1,701.

The case emphasizes the program nature of the Deficiency Protocol, which do not rely on any external intervention to function.

It also shows how the transparency of DEFs shows potential potential potential events on the market.

Makerdao allows users to lock the volatile crypt, such as Bitcoin or Etra and create and pull their Dai Stablecoin in return.

It is similar that lenders are definitely, like AAVE. While AAVE corresponds to loanes and lenders, Makerdao acts as the only lender on the protocol.

When the MakerDao users deposit collateral and borrow DAI, their positions have been awarded the so-called health factor. This health factor represents the relationship between the deposited collateral and the borrowed Day.

Health factors

If the user’s health factor is lowered below one, MakerDao automatically represents their security for liquidation to ensure that the protocol does not collect bad debt.

Two whales currently have health factors of 1.01 and 1.06, indicating that their loans are close to liquidation.

When great deficitions appear, they push the price of collateral down, potentially launches more liquidations and determining domino effect.

In February, this situation took place when President Donald Trump threatened 25% of the tariffs on the import of Canada and Mexico, just to put them down later.

The obtained market sedic is pushed by the price of the Eitar for a few% in a few hours.

Lenders on AAVE were caughtresulting in 700 users who can be liquidated for $ 198 million.

Debt payment

The traders will carefully observe two whales over the coming days.

One kit started pay off their debtindicating that aware of the situations and are actively trying to prevent them from being liquidated.

Other whaleHowever, he did not make an Etherum transaction from 11. Marta.

The CRAIG team is DL News’ Edinburgh correspondent based on Edinburgh. Reach with the tops on tim@dlnevs.com.