Aave executive: Borrowing liquidations totaled approximately 39 million USD over two days

According to The Defiant, Aave's Chief Strategy and Business Development Officer Luigi D'Onorio DeMeo stated that the amount of loans liquidated by Aave was approximately 18 million USD the previous day and about 21 million USD on that day, totaling approximately 39 million USD over the two days.

The report mentioned that when the collateral assets of borrowers are insufficient to support the loans, positions may be liquidated; the liquidation amount itself does not equate to the losses of Aave lenders.