Tag: Black Thursday

on the blockchain

How MakerDAO survived Black Thursday

Holders of the stablecoin lost about $8 million during forced liquidations (I wrote about this last week). But, it survived, which is probably the more interesting point. | learn more

on the blockchain

Black Thursday for MakerDAO: $8.32 million was liquidated for $0

About $8 million was withdrawn from the stablecoin system on March 12th and 13th. “This problem arose not because of a sharp drop in price and the lack of collateral, but due to manipulations of initiative keepers (liquidators).” | learn more