Loans Relatively Stable in Volatile TimesDec 8, 2021
Given the volatile markets over the past month, it seems that on-chain leverage users are relatively unfazed.
MakerDAO has seen consistent loan growth (~$1B) since the beginning of November while Aave and Compound have been generally flat over the same period.
Interestingly, Aave had $30M in liquidations over a few day span in May on the back of the last major leverage-driven sell off. But compared to this most recent pullback, it only did ~$3M in liquidations.