Because MakerDAO uses the Oracle Security Module, the net positions of two whale up to $84.4 million have not been liquidated yet

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ODAILY
03-30
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Planet News: According to on-chain analyst Ai, two whales of Maker with a net position of $84.4 million are facing liquidation risks. However, when ETH dropped to $1,786, the Maker whales' positions were not liquidated because MakerDAO uses an Oracle Security Module (OSM). Even if market prices fall below liquidation points, the actual system price is still delayed in updating. The system collects data from multiple authorized price feeds, calculates the median price through the Medianizer contract, and applies it with a delay of about 1 hour to prevent short-term volatility from being exploited. Currently, MakerDAO's system price is $1,831.25, which is still some distance from the liquidation prices of the two addresses.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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