Loan backed by 2.3% of AAVE supply hit by cascading liquidations as token slides
Yahoo Finance·2026-02-06 05:25
aave aavenomics proposal A loan backed by approximately 2.3% of the total AAVE supply is being liquidated in tranches on Thursday amid a major market pullback, according to onchain data. Roughly 2 million in USDC debt. The once-overcollateralized loan, initially backed by roughly $28.4 million worth of AAVE before liquidations began, used 355,093 AAVE tokens as collateral on the decentralized lendin ...