According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that two whales of Maker with a net position of up to $84.4 million are facing liquidation risks. However, when ETH dropped to $1,786, the Maker whales' positions were not liquidated because MakerDAO uses an Oracle Security Module (OSM), which delays the actual system price update even if market prices fall below liquidation points.
The system collects data from multiple authorized price feeds, calculates the median price through the Medianizer contract as a reference price, and applies it with a delay of about 1 hour to prevent short-term fluctuations from being exploited. Currently, MakerDAO's system price is $1,831.25, which is still some distance from the liquidation prices of the two addresses.
ChainCatcher previously reported that according to on-chain analyst @ai_9684xtpa, significant ETH volatility has led to two whales' net positions of up to $84.4 million facing liquidation:
- Address 0xab7...e2313 pledged 64,792 WETH and borrowed 68.09 million Dai, with a health factor of 1.02 and a liquidation price of $1,786.65;
- Address 0x6bb...830b3 pledged 608,104,792 WETH and borrowed 74.73 million Dai, with a health factor of 1.03 and a liquidation price of $1,781.99.
