News Explorer — Ethereum User Avoids $360 Million in Liquidations Amid Market Freefall

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Mar 11, 1:50 pm

Coindesk

Ethereum User Avoids $360 Million in Liquidations Amid Market Freefall

An Ethereum user prevented a $360 million liquidation cascade by adding collateral to a MakerDAO position as ETH's price dropped. The user deposited 2,000 ETH and $1.5 million DAI to save the position, surprising many due to previous inactivity.

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