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Balancer blames ‘external market event’ as Aave, Venus liquidations rocks token


by Hannah Collymore
for CryptoPolitan
Balancer blames ‘external market event’ as Aave, Venus liquidations rocks token

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The Balancer protocol has attributed the decline in its native BAL token to an external market event involving mass liquidations on DeFi lending platforms Aave and Venus. Balancer announced on X, “We observed significant liquidations of large BAL positions on Aave and Venus overnight, which led to significant price volatility.” Aave comes out profitable despite […]
Read the article at CryptoPolitan

In This News

Coins

$ 0.147

-2.77%

$ 112.25

+2.69%

Funds

Share:

In This News

Coins

$ 0.147

-2.77%

$ 112.25

+2.69%

Funds

Share:

Balancer blames ‘external market event’ as Aave, Venus liquidations rocks token


by Hannah Collymore
for CryptoPolitan
Balancer blames ‘external market event’ as Aave, Venus liquidations rocks token

Share:

The Balancer protocol has attributed the decline in its native BAL token to an external market event involving mass liquidations on DeFi lending platforms Aave and Venus. Balancer announced on X, “We observed significant liquidations of large BAL positions on Aave and Venus overnight, which led to significant price volatility.” Aave comes out profitable despite […]
Read the article at CryptoPolitan

In This News

Coins

$ 0.147

-2.77%

$ 112.25

+2.69%

Funds

Share:

In This News

Coins

$ 0.147

-2.77%

$ 112.25

+2.69%

Funds

Share: