Building upon my last 2 posts regarding borrower 0xe84a061897afc2e7ff5fb7e3686717c528617487, we see this user’s behavior playing out as anticipated during the recent market volatility.
Previously, we stated this borrower had a strong credit score with no historical liquidations, thus would likely avoid liquidation in the event of market volatility by depositing more collateral onto Compound. Furthermore, I linked 4 accounts to this borrower which had a large amount of unencumbered liquidity which could be used to ‘top up’ their collateral in the event of market volatility.
Today, the related wallet 0xad6eaa735d9df3d7696fd03984379dae02ed8862 sent 99.84 WBTC to 0x6dEcD32f5A2AB9B43bC6ad8923Eb6D2395dE145b which sent it to 0xe84a061897afc2e7ff5fb7e3686717c528617487. Etherscan link here.
Borrower 0xe84a061897afc2e7ff5fb7e3686717c528617487 then deposited that 99.84 WBTC onto Compound, bringing its health factor back to 1.25. Transaction hash here.
This address still may ultimately get liquidated, but their behavior to-date coupled with their historical behavior puts this as an unlikely outcome.