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Aave V3 Optimism: User Position Analysis

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governance.aave.com

TL;DR:

A significant position on Optimism Aave v3, which held a large portion of the Total Value Locked (TVL) and borrow positions, was on the brink of liquidation but had already been liquidated a few days prior. This event highlights the importance of closely monitoring large positions and their health factors, as major liquidations can significantly impact the protocol and its users.

The community was recently alerted by Pauljlei about a significant position on Optimism Aave v3 held by a specific address, which was on the brink of liquidation. This address represented a substantial portion of the Total Value Locked (TVL) and borrow positions on OP Aave v3. The borrower's health factor was precariously low, and they had been steadily withdrawing collateral from the protocol since late December, reducing their collateral position by over half.

However, 0x3n1gm4 clarified that the account in question had already been liquidated a couple of days prior. This liquidation occurred after the withdrawal of a significant amount of USDC and DAI. The most recent liquidation was less than a day ago, with a substantial amount of USDC being liquidated.

In conclusion, Pauljlei confirmed the liquidation of the account. This event underscores the importance of monitoring large positions and their health factors closely, as significant liquidations can have a substantial impact on the protocol and its users.

Posted a year ago

Last reply a year ago

Summary updated 2 months ago

Last updated 04/12 00:18