A major industry event just occurred! The PT market of $PENDLE was manipulated, with up to $36 million in long positions liquidated in batches, triggering a risk warning across the entire market.
This incident once again serves as a wake-up call for all DeFi participants: in derivative markets with low liquidity, the risk of large players manipulating prices and maliciously piercing orders always exists. Once extreme market conditions occur, ordinary users’ positions are very likely to become targets for liquidation.
Reminder: when participating in yield-earning collateralized derivative trading, be sure to control your position size, set up risk hedges, and do not blindly increase leverage. The market is full of opportunities, but protecting your principal is always the top priority.
$PENDLE #DeFi #Crypto Risk
This incident once again serves as a wake-up call for all DeFi participants: in derivative markets with low liquidity, the risk of large players manipulating prices and maliciously piercing orders always exists. Once extreme market conditions occur, ordinary users’ positions are very likely to become targets for liquidation.
Reminder: when participating in yield-earning collateralized derivative trading, be sure to control your position size, set up risk hedges, and do not blindly increase leverage. The market is full of opportunities, but protecting your principal is always the top priority.
$PENDLE #DeFi #Crypto Risk