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The community has been notified about high supply concentrations in Polygon v3 and Eth v3 markets, a new whale supply position for BUSD on Aave v2 ETH, and a large whale position near liquidation on Aave v2 ETH. Gauntlet has reported high BAL supply cap utilization on Polygon V3 and is monitoring the situation, advising the community to stay informed and vigilant.
The community has been alerted by Seawolf about two high supply concentrations in the Polygon v3 and Eth v3 markets that have crossed the 50% concentration risk threshold1. Details of these accounts have been shared for transparency. Additionally, a new whale supply position for asset BUSD on Aave v2 ETH has been reported2. A large whale position near liquidation on Aave v2 ETH has also been brought to attention, with a health factor of 1.02 and an outstanding borrow position of $17M in WBTC3. A $114k liquidation on Aave V2 has occurred, but no insolvency resulted from this event4. A whale borrow position for asset WETH on Aave v2 ETH has been reported, representing 51% of WETH borrow balances, highly collateralized with a 3.5 health factor5.
Pauljlei reported that Gauntlet has observed the BAL supply cap utilization on Polygon V3 reaching 81%. The supply cap was recently increased to 361k on Feb 22nd, and Gauntlet does not recommend any further increase at this time6. Seawolf also provided an update on the supply and borrow cap usage of several assets, including Aave on Arbitrum V3, GHST on Polygon v3, and SUSHI Polygon v37. Gauntlet is currently analyzing the situation and will update the community on any next steps7.
In conclusion, the community has been made aware of several high-risk positions and liquidations across various markets. Gauntlet is closely monitoring the situation and will provide updates as necessary. The community is advised to stay vigilant and informed about these developments.
Posted 10 months ago
Last reply 9 months ago
Summary updated 2 months ago
Last updated 06/12 00:43