In January 2023, the community was alerted by Pauljlei about a significant liquidation event on Aave V2. An account had used DAI/USDC as collateral to borrow CRV, leading to a liquidation of $697k. Notably, this event did not result in insolvency¹.

Shortly after, Pauljlei brought attention to a large whale position that was nearing liquidation. The user, identified by the address 0x60...717d, had a health factor of 1.03 and an outstanding borrow position of $17.4M. Despite the user's USDC holdings decreasing since January 13th, Gauntlet did not express any immediate concerns about potential liquidation or insolvency from this account².

Adding to the discussion, Ccb_roci noted that the contract address in question had a clean record with no previous liquidations and a commendable credit score of 4. However, the current health factor of 1.02 could potentially jeopardize this. The user's account analytics were also shared, revealing a total borrow of approximately 51 million and a total repay of around 36 million³.

In conclusion, while there were significant liquidation events and potential risks identified, no immediate insolvency issues were reported. The community continues to monitor these accounts closely, particularly those with large borrow positions and decreasing health factors.