[Aave Executive: Approximately $39 Million in Borrower Liquidations Occurred in the Past Two Days] According to The Defiant, Luigi D’Onorio DeMeo, Chief Strategy and Business Officer of Aave, stated that approximately $39 million in borrower liquidations occurred in the past two days. Liquidation may occur when a borrower's collateral is insufficient to support the loan; however, the liquidation amount itself does not equate to the losses suffered by Aave's lenders.