🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
IntoTheBlock: "High-risk" encryption loans on Benqi have surged to the highest level in two years, reaching $55 million.
According to the data tracked by analysis company IntoTheBlock, the total amount of high-risk loans (defined as loans within 5% of the liquidation price) rose to 55 million US dollars on Wednesday, reaching the highest level since June 2022. Cryptocurrency traders typically obtain loans from Decentralization lending platforms by locking Collateral in the form of digital assets. The risk here is that if the value of the Collateral falls too much, the protocol will liquidate the debt by selling the Collateral. A loan within 5% of the liquidation price means that if the price of the Collateral falls by 5%, it will no longer cover the loan, triggering liquidation.