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An Empirical Study of DeFi Liquidations: Incentives, Risks, and Instabilities

Kaihua Qin; Liyi Zhou; Pablo Gamito; Philipp Jovanovic; Arthur Gervais · Proceedings of the ACM Internet Measurement Conference (IMC '21) · 2021

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Type
Article
Author
Kaihua Qin; Liyi Zhou; Pablo Gamito; Philipp Jovanovic; Arthur Gervais
Identifier
DOI 10.1145/3487552.3487811
Accessed
2026-09-01

Claims citing this source

1 claims
EstablishedQin and colleagues found that DeFi lending liquidation designs, including MakerDAO's, strongly incentivise liquidators but sell excessive amounts of discounted collateral at borrowers' expense.