Aave Executive: Loan Liquidations Totaled Approximately $39 Million Over Two Days

TechFlow reports that on November 15, according to The Defiant, Aave Chief Strategy and Business Development Officer Luigi D’Onorio DeMeo stated that Aave's loan liquidation amounts were approximately $18 million the previous day and around $21 million on that day, totaling roughly $39 million over the two days.

The report notes that positions may be liquidated when a borrower's collateral is insufficient to cover their loan; the liquidation amount itself does not equate to losses for Aave's lenders.