Ethereum DeFi Liquidations Reach $350 Million Amidst Market Turmoil | Flash News Detail | Blockchain.News

Ethereum DeFi Liquidations Reach $350 Million Amidst Market Turmoil

8/5/2024 2:39:12 PM

Ethereum DeFi Liquidations Reach $350 Million Amidst Market Turmoil

According to EmberCN, today's extreme market conditions led to Ethereum DeFi protocols seeing liquidations exceeding $350 million, setting a new record. Notably, at least $20 million was captured by MEV (Miner Extractable Value) bots. EmberCN highlights API3's OEV (Oracle Extractable Value) network as a potential solution to help lending protocols reclaim value leaked through oracles, which is often exploited by MEV bots. (Source)

Ethereum API3 DeFi MEV bots OEV

More from 余烬 (@EmberCN): Analyst about On-chain Analysis