MakerDAO Vault With 4M Faces Liquidation As ETH Price Plummets

The crypto market has taken a beating in the past few days, with some DeFi vaults facing liquidation if ETH continues to drop. The drop in prices in the crypto market is seeing some potential liquidations looming. Available data pointed to a MakerDAO vault that faces liquidation at $1,284. The value is about $4.3 million, as seen on DeFi Llama. According to the data platform, the liquidation levels in DeFi are about $1.5 billion in total, with $109.8 million within 20% of its current price. The vault with the $4.3 million worth of collateral locked can be seen on the Oasis DApp. The crypto market has been enduring some pain over the past few days, as a string of bad news hits the market. It’s certainly upsetting for investors, who have been waiting for the market to pick back up after a rough year.