Maple Avoids Liquidations Amid Major Market Crash
- No user positions on Maple were liquidated during the Feb. 2 market crash.
- Users deposited $10 million to reinforce margins and prevent liquidations.
- Over $10 billion was liquidated across the market as Ethereum fell below $2,000.
- Maple managed $2.5 billion in loans as of Feb. 7, with collateralization levels averaging 165%.
- The High Yield Secured pool received $2 million in inflows during the crash.
- Aave processed $210 million in liquidations without incurring additional bad debt.
During the significant market downturn on Feb. 2, Maple reported no liquidation of user positions and a $10 million deposit to bolster margins, while Aave efficiently handled $210 million in liquidations with zero new bad debt.
Source (2.6.1)https://cryptoslate.com/maple-reports-no-increase-in-bad-debt-10m-inflows-amid-recent-market-crash/?rand=24433