A wallet rumored to belong to investment firm 3AC has just dropped below the threshold for liquidation.
The company had over $184 million in stablecoin loans collateralized by $222 million in wETH. A health factor above 1.0 is required to stave off liquidation. However, as the price of Ethereum dropped below $1,047, the wallet is now earmarked for liquidation.
As of press time, there has been no on-chain action to suggest the loan has been liquidated, according to Eterų kanalas. However, without the deployment of further capital, a liquidation event is imminent.
Pranešimas 3AC piniginė nukrenta žemiau likvidavimo lygio ir rizikuoja gauti daugiau nei 200 mln. USD ETH pirmiausia pasirodė „CryptoSlate“.
Source: https://cryptoslate.com/3ac-wallet-drops-below-liquidation-level-risking-over-200-million-in-eth/