Cointelegraph Consulting: DeFi hit by a tsunami of liquidations in May
The DeFi space crashed along with the rest of the market on May 19, but the liquidations mechanisms passed the biggest stress test. The savage sell-off that took place in mid-May fueled volatility in markets and triggered liquidations among numerous decentralized finance protocols. Like an earthquake, the market fall exacerbated the biggest wave of liquidations in DeFi history. The market experienced a higher amount of liquidation on May 19 than in the past two years in the DeFi space. As part of the Market Insights bi-weekly newsletter, Cointelegraph Consulting teamed up with Covalent to....
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Cointelegraph Consulting releases “DeFi Adoption 2020: A Definitive Guide to Entering the Industry,” to speed up DeFi adoption. Many new users have been attracted to the explosive expansion of the DeFi sector in 2020, seeking to explore the growing selection of finance tools and applications. Not surprisingly, large barriers exist due to complexity, high transactional fees, not to mention the inherent risk of using these relatively new platforms.In an effort to simplify the user experience by providing a knowledge base, Cointelegraph Consulting has released DeFi Adoption 2020: A Definitive....
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Excelian, an award-winning tech consulting firm operated by multi-bln dollar software development company Luxoft, recently released its 2016 tech report entitled “Big Data: Technology Special,” featuring the most important and disruptive technologies such as Fintech and Blockchain. Blockchain is in the investigative phase. On a section entitled “Three Techs to Track,” the company listed three emerging technologies for businesses to understand and analyze. One of the three technologies was Blockchain, which the Excelian research team described as “the biggest tsunami of 2016.” The research....
The Feb. 22 crypto market flash-crash liquidated more than $24 million worth of DeFi loans. with Compound users representing more than half of the margin calls. The Feb. 22 crypto crash has sparked the second-largest volume of DeFi liquidations in the sector’s history, with more than $24.1 million worth of loans being forcefully closed within 24 hours.According to crypto data aggregator DeBank, $13.7 million, or nearly 60% of the losses occurred on Compound, followed by Aave with $5.4 million worth of liquidations.Yesterday’s liquidations were the second-largest to hit DeFi, trailing....