Aave Exec: About $39 Million in Liquidations Hit Borrowers Over the Past Two Days

Nov. 15 — According to The Defiant, Aave Chief Strategy and Business Officer Luigi D’Onorio DeMeo said in a post that borrowers saw about $39 million in liquidations over the past two days. When a borrower's collateral assets are insufficient to support a loan, the position may be liquidated; however, the liquidation amount itself does not equal the losses suffered by Aave lenders.