Here's how @CoWSwap did the liquidation on this user's position on @0xfluid 🌊
Trader was trading 21,000 USDT and received 21,417 DAI (400 extra DAI 🤯 via liquidation penalty, about 2% premium on swap)
Cowswap solver routed the trade as follows:
- Liquidate 21000 USDT,

Market is crashing hard. I know just the place which allows you to save your ass from liquidations 👀🌊

Samyak Jain 

Twitter

Here is the English translation:

The BlockBeats will summarize the key industry news content of the past week (12.16-12.22) in this article, and recommend in-depth quality articles to help readers better understand the market and learn about industry trends.

Important news review
The Fed's hawkish rate cut of 25 basis points; the crypto market cools down, with Bitcoin falling below $95,000 multiple times this week
On December 19, the Fed's annual interest rate decision for 2024 was concluded, lowering the benchmark rate by 25 basis points to the range of 4.25%-4.50%, the third consecutive rate cut, in line with expectations. Fed Chair Powell, in his...

Weekly Review | Hawkish remarks by the Federal Reserve led to a sharp correction in cryptocurrencies; Pudgy Penguins issued a "Sunshine" airdrop

On December 4, the Altcoin Season Index hit 88, suggesting that non-Bitcoin cryptocurrencies might perform better than the number one coin. However, the altcoin season chances might have been dealt a ...

Altcoin Season Chances Drop, But 3 Indicators Point to Potential Revival

The AI Agent in Crypto are automated programs with the ability to observe, collect data, analyze and execute actions on behalf of humans. With the help of AI technology, the...