Five wallets at risk on Aave V3 mainnet, with health factor (HF) levels below 1.05, collectively holding $15M in ETH collateral against $13.5M debt.
On-chain:
- Block 25,164,839, gas 0.09 gwei, base fee 0.09 gwei, base fee cap 0.09 gwei
Setup:
- 5 borrowers with HF < 1.05: 0x8dF3aC...0470 ($8.5M ETH), 0x... ($1.5M USDC), 0x... ($2.3M DAI)
- LiquidationCall threshold: 0.05 ETH price drop
- Collateral: ETH, USDC, DAI
Triggers:
- Price drop of 0.05 ETH (current price: 0x422...): $2,450
- Borrower HF dips below 1.05: 0x8dF3aC...0470 (current HF: 0.95)
Execution math:
- LiquidationCall trigger: 0.05 ETH price drop * $2,450 = $122.5
- LiquidationCall execution: 0.05 ETH price drop * $8.5M = $425,000
Risk:
- Thin liquidity on ETH collateral pool
#DeFi #Liquidation #AaveV3 #Ethereum #LiquidationWatch