Pac Finance, an Aave derivative on Ethereum's Blast network, experienced a major liquidation event due to an unexpected reduction in the liquidation threshold. Stani Kulechov raised concerns over $26 million in unnecessary liquidations, stressing the risks of forking code. The platform is addressing the issue with affected users through improved communication and planning.
EdmundDue to Blast's own profitability (~4% for ETH/WETH and ~5% for USDB), wallet balances will also increase over time, as will points earned in the ecosystem.
JinseFinanceIt's clear that Blast has put itself in the enviable position of thriving in this new bull market, using its product and community commitment to stand out from the crowd of upstart L2s.
JinseFinancePAC has successfully gathered a total of $85 million in funding for pro-cryptocurrency politicians to date.
ZoeyBlast's founder addressed concerns about the platform, emphasizing the legitimacy of its high yields and clarifying the role of Paradigm. Additionally, Blast sought to explain its multisig security model, aiming to dispel criticism about its control by a limited number of individuals.
Bernice
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