Aave executive Luigi D'Onorio DeMeo reported about $39 million in borrower liquidations across two days, comprising approximately $18 million on the first day and $21 million on the second. His public profile identifies his role at Aave as CSBO. The post did not specify the time zone for the daily figures or distinguish the value of collateral seized from debt repaid. Liquidations occur when pledged assets no longer provide sufficient backing for a loan. Under Aave's published rules, a position becomes eligible for liquidation when its health factor falls below 1, which can happen when collateral declines in value or debt becomes more valuable. The reported liquidations highlight stress among leveraged positions but do not necessarily represent equivalent lender losses.