X @Wu Blockchain

Coinbase’s crypto-backed lending product saw its largest liquidation wave since launch amid this week’s sharp declines in Bitcoin and Ethereum. According to Dune data, total liquidations reached approximately $170 million over the past seven days. The loans are executed via the DeFi protocol Morpho and are over-collateralized by default. If collateral values were to fall another 50%, potential liquidations could reach around $600 million. https://t.co/cqmnOQl9a9 ...