STOP LEVERAGE TRADING PUDGYS ON BLUR
150 Pudgys are going to get liquidated today if they don't get liquidity....
Blur loan mechanisms are awful, it's like leverage trading at 50x.
Pudgys have had almost 3x more loans on Blur than the other PFP projects. I believe the number was around 200 a few hours ago, hence the floor is at 10.3 ETH.
The crazy thing is, there are so many better platforms to take loans on that are time-locked and not based on someone pulling out liquidity.
Taking loans against your assets isn't bad at all, but platforms like Gondi or Cyan have better terms because you know exactly what you're signing up for.
With Blur, you miss 24 hours when liquidity was pulled and boom, it's gone.
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