The figures reported in the original post refer to the total debt required to be repaid, either through Repay or Liquidate, and the current distribution of “pure Bad Debt” heavily depends on the chain. Where in some cases, such as Avalanche, the collateral left in the bad debt accounts is very minimal and accounts for only 0.2% of the outstanding bad debt, while in instances such as Base, the majority of the accounts eligible are too small for the liquidation to be performed.
The total registered amount of Debt requiring a “Batch Liquidate” transaction is roughly $55,000, compared to $370,000 requiring a “Batch Repay.”
The following chart provides additional information on the distribution of the most relevant asset types required for the liquidation process, with USDt on Avalanche representing a disproportionate share of the value.
