March 12, 2020 - MakerDAO: $8.32 million was liquidated for 0 DAI

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  • Maker DAO liquidations on March 12 and 13 resulted in protocol losses of 5.67 million DAI
  • This happened due to the opportunity to win liquidation auctions with zero bids, which was 36% of all liquidations
  • The greatest Vault has lost ~35 000 ETH whereas the most successful liquidator has had a profit of 30 000 ETH
  • $8.32 million was withdrawn through zero bids auctions in total

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