Loan Market & Liquidation Risk - Loan crisis was avoided with only 5 loans in auction, floor price stable at 10.4 ETH [1] - A lot of sales occurred last night [1] - More than 140 Pudgy Penguins loans on Blur could be liquidated within the next 24 hours [1] - Borrowed amount of ETH exceeds current floor price (LTV > 100%) for these loans [1] - Borrowers are likely to default due to borrowed amount exceeding highest loan offer [1] - Lenders will receive collateral in case of default [1]