DeFi lending platform Aave sees a rare $27 million liquidations after a price glitch

The blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral. What to know : Roughly $27 million worth of borrower positions were liquidated on the DeFi lending platform Aave on March 10, according to data from risk firm Chaos Labs. Some observers say the liquidations may have been triggered by a temporary discrepancy in the price of wstETH relative to ETH reported by Aave’s oracle, which appeared lower than the market ratio at the time.