Over $2m in liquidations on Aave v2 due to USDP (pax dollar) being pushed to $1.5 temporarily on binance
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@wilburforce_ this is not a collateral asset so aave users are not at any risk of bad debt.
@wilburforce_ Just another highly profitable trading strategy.
@wilburforce_ There’s no market manipulation in crypto. Display bug and/or fake news
@wilburforce_ they thot the risk was to the downside, so we depegged it to the upside
@wilburforce_ Do you think things like these are good argument in favor of hardcoding strong stablecoins to 1$?