Aave Executive: Loan Liquidations Totaled Approximately $39 Million Over Two Days
Nov 15, 11:11
On November 15, according to The Defiant, Aave Chief Strategy and Business Development Officer Luigi D’Onorio DeMeo stated that Aave's loan liquidation amounts were approximately $18 million the previous day and around $21 million on that day, totaling roughly $39 million over the two days.
The report notes that positions may be liquidated when a borrower's collateral is insufficient to cover their loan; the liquidation amount itself does not equate to losses for Aave's lenders.