Recent revelations by on-chain analyst Ai Yi indicate significant movements of ETH collateral, highlighting ongoing risks in the DeFi lending landscape.
According to on-chain analyst Ai Yi, a '64,800 ETH whale' has converted 1.608 million USDT to DAI and partially repaid its loan. Currently, 64,792 ETH is collateralized to borrow 66.51 million DAI, with a liquidation price set at $1,745, leaving nearly $40 before reaching the liquidation threshold. This situation underscores the volatility and risks present in the DeFi space, particularly for large holders.