According to market data from the NFT trading platform nftpricefloor, NFTs in the Ethereum ecosystem have generally shown a downward trend in the past 24 hours, with BAYC and Pudgy Penguins falling particularly sharply, both falling below 10 ETH. Milady's performance looks quite strong in comparison, rising in both relative ETH and USD value over the past 24 hours.
On the other hand, according to data from the NFT lending platform BendDAO, there are hundreds of Pudgy Penguins with collateral health coefficients lower than 1.1, most of which are 1.06 (lower than 1 will trigger liquidation).
However, it should be noted that BendDAOâs oracle seems to have an abnormality. Although the Pudgy Penguins time-weighted (TWAP) price displayed on the platform is 11 ETH, in fact the floor price of Pudgy Penguins has fallen below 9 ETH. If the floor price of Pudgy Penguins Unable to recover, these loans using NFT collateral may be difficult to recover in full.
This article NFT market generally fell + BendDAO oracle machine failed, hundreds of Pudgy Penguins collateral fell below the liquidation price and awaits liquidation. It first appeared on Zombit.