Ethereum faces a potential $238 million liquidation risk as two large holders approach the critical liquidation levels of $1,805 and $1,787. The price drop has triggered concerns about Maker’s vaults, which currently hold over 125,000 ETH with a health ratio hovering just above 1.00. This risk comes amid a broader bearish trend that has seen the ETH price decline by 2.2% in the last day, trading at $1,870. While these positions are exposed to rapid collapse, Ethena Labs is launching a new yield pool on Pendle, aiming to mitigate some of the impact. Meanwhile, BlockDAG (BDAG) is making waves with its full DeFi ecosystem launch, securing over $5 million in presale funding within just 48 hours. This proactive approach allows for immediate deployment of staking, lending, swaps, governance, and bridging tools, setting it apart from other Layer 1s that often delay such features. 3rd-party reviews highlight BDAG’s potential to disrupt the DeFi space.