Protocols are overpaying for liquidations.
On Aave and Compound (V2, V3) mainnet alone, over $150M in liquidation bonuses have been distributed.
The majority of that goes to miners in the form of MEV.
Think this is inevitable?
It's not.
Here's how:
On Aave and Compound (V2, V3) mainnet alone, over $150M in liquidation bonuses have been distributed.
The majority of that goes to miners in the form of MEV.
Think this is inevitable?
It's not.
Here's how: