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RE: REKT Protection: Huobi Futures Launches Partial Liquidation Mechanism
Very interesting article. There were reportedly a lot of liquidations by the MakerDao last week when Bitcoin and subsequently Ether price crashed. This feature my have saved some accounts. The selling pressure by these liquidations also exerts downward pressure on the price, which creates more liquidations
The MAKER event is quite devastating to the legitimacy of DeFi. Value of DeFi locks has collapsed by over 50% from the peak earlier this year. MAKER's challenge is that it's not for trading and more-so aimed at generating more of DAI/SAI, which means partial liquidation would lower their appeal.
Though, the feature should definitely be seen in more trading options.