Aave executive says roughly $39 million in liquidations occurred among borrowers over the past two days, liquidation amount does not equal lender losses

Odaily: According to monitoring by Luigi D'Onorio DeMeo, borrowers experienced approximately $39 million in liquidations over the past two days. When a borrower's collateral assets are insufficient to support the loan, the position may be liquidated; the liquidation amount itself does not equate to losses suffered by Aave lenders.