📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
IntoTheBlock: "High-risk" encryption loans on Benqi have surged to the highest level in two years, reaching $55 million.
According to the data tracked by analysis company IntoTheBlock, the total amount of high-risk loans (defined as loans within 5% of the liquidation price) rose to 55 million US dollars on Wednesday, reaching the highest level since June 2022. Cryptocurrency traders typically obtain loans from Decentralization lending platforms by locking Collateral in the form of digital assets. The risk here is that if the value of the Collateral falls too much, the protocol will liquidate the debt by selling the Collateral. A loan within 5% of the liquidation price means that if the price of the Collateral falls by 5%, it will no longer cover the loan, triggering liquidation.