Loan crisis was avoided here btw.
Down to 5 loans that are in auction and floor price stable at 10.4 ETH, a lot of sales last night

wale.moca
@waleswoosh
08-25
In other news: More than 140 Pudgy Penguins loans on Blur could be liquidated within the next 24 hours.
For all of them borrowed amount of ETH > current floor price (LTV > 100%) and >> highest loan offer, so borrowers are likely to default.
In this case, lenders will receive

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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