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Sad to see that curve can get in a death spiral if the selling continues due to huge liquidations.

Zero Liquid
Zero Liquid
Twitter
02 Aug 2023, 19:04
Sad to see that curve can get in a death spiral if the selling continues due to huge liquidations. At @ZeroLiquid_xyz , there will be no liquidations ever! When a user takes out a loan, we mint synthetic ETH that is backed by ETH at 1/1. This eliminates the risk of liquidations.