MakerDAO Protects Whales from Liquidation Amidst ETH Price Drop

MakerDAO’s Oracle System intervened to safeguard large whale positions amidst a downturn in Ethereum prices. This system, known as the Oracle Security Module (OSM), delayed price updates, preventing immediate liquidations even though the market dropped below $1,786. These delays prevented potentially massive asset losses, totaling $84.4 million, for whales who faced liquidation risk.