Gauntlet Whale User Updates and Analysis (Jan 2023)

Risk General
2

Large Position Near Liquidation (2023-01-24)

We want to notify the community of a large whale position near liquidation. This user has a health factor of 1.03 with an outstanding borrow position of $17.4M. We are continuing to monitor, but wanted to share this information about the user:

  • Borrow Usage:

  • User has updated their position over time. Decreasing their USDC holdings since Jan 13th.

  • Gauntlet has no concerns about liquidation or insolvencies from this account at this time. Market price slippage for the amount of 6000 stETH is less than 1 percent.

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