DeFi liquidations: Volatility and liquidity
This work delves into the liquidations mechanism inherent in Decentralised Finance (DeFi) lending protocols and the connection between liquidations and price volatility in decentralised exchanges (DEXs). The analysis employs transactional data of three of the largest DeFi lending protocols and provi...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2023
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| Series: | OECD Working Papers on Finance, Insurance and Private Pensions
no.48 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This work delves into the liquidations mechanism inherent in Decentralised Finance (DeFi) lending protocols and the connection between liquidations and price volatility in decentralised exchanges (DEXs). The analysis employs transactional data of three of the largest DeFi lending protocols and provides evidence of a positive relation between liquidations and post-liquidations price volatility across the main DEX pools. Without directly observing the behaviour of liquidators, these findings indirectly indicate that liquidators require market liquidity to carry out large liquidations and affect market conditions while doing so. |
| Physical Description: | 1 Online-Ressource (36 Seiten) 21 x 28cm. |
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| indexdate | 2025-03-18T14:28:59Z |
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| spelling | Sasi-Brodesky, Ana VerfasserIn aut DeFi liquidations Volatility and liquidity Ana, Sasi-Brodesky and Iota, Kaousar Nassr Paris OECD Publishing 2023 1 Online-Ressource (36 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Finance, Insurance and Private Pensions no.48 This work delves into the liquidations mechanism inherent in Decentralised Finance (DeFi) lending protocols and the connection between liquidations and price volatility in decentralised exchanges (DEXs). The analysis employs transactional data of three of the largest DeFi lending protocols and provides evidence of a positive relation between liquidations and post-liquidations price volatility across the main DEX pools. Without directly observing the behaviour of liquidators, these findings indirectly indicate that liquidators require market liquidity to carry out large liquidations and affect market conditions while doing so. Finance and Investment Kaousar Nassr, Iota MitwirkendeR ctb |
| spellingShingle | Sasi-Brodesky, Ana DeFi liquidations Volatility and liquidity Finance and Investment |
| title | DeFi liquidations Volatility and liquidity |
| title_auth | DeFi liquidations Volatility and liquidity |
| title_exact_search | DeFi liquidations Volatility and liquidity |
| title_full | DeFi liquidations Volatility and liquidity Ana, Sasi-Brodesky and Iota, Kaousar Nassr |
| title_fullStr | DeFi liquidations Volatility and liquidity Ana, Sasi-Brodesky and Iota, Kaousar Nassr |
| title_full_unstemmed | DeFi liquidations Volatility and liquidity Ana, Sasi-Brodesky and Iota, Kaousar Nassr |
| title_short | DeFi liquidations |
| title_sort | defi liquidations volatility and liquidity |
| title_sub | Volatility and liquidity |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| work_keys_str_mv | AT sasibrodeskyana defiliquidationsvolatilityandliquidity AT kaousarnassriota defiliquidationsvolatilityandliquidity |