Balancer blames ‘external market event’ as Aave, Venus liquidations rocks token

The Balancer protocol has attributed the decline in its native BAL token to an external market event involving mass liquidations on DeFi lending platforms Aave and Venus. Balancer announced on X, “We observed significant liquidations of large BAL positions on Aave and Venus overnight, which led to significant price volatility. ” Aave comes out profitable despite […] source: https://www.cryptopolitan.com/balancer-aave-venus-liquidations-rock-token/