Due to MakerDAO's adoption of the Oracle security module, two whales' net positions of up to 84.4 million US dollars have not yet been liquidated
According to @ai_9684xtpa's monitoring, Maker's two whales face the risk of liquidation for their net positions worth up to 84.4 million USD. However, even though ETH fell to 1786 USD, the whale positions in Maker were not liquidated because MakerDAO uses an Oracle Security Module (OSM). Even if market prices fall below these liquidation points, the actual system price is still delayed in updating.
The system collects data from multiple authorized feeders and calculates a median as a reference price through Medianizer contracts. It then applies this with about an hour delay to prevent short-term fluctuations from being exploited. Currently, the system price of MakerDAO is 1831.25 USD which is still some distance away from the liquidation prices of both addresses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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