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PAC FINANCE's change in LTV parameters leads to a liquidation of 24 million US dollars.

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Odaily
263Words
Apr 11, 2024

Due to a sudden change in the LTV (Loan-to-Value) parameter by PAC FINANCE, a total of $24 million funds were liquidated. KYDO.ETH, a developer from EIGENLABS, pointed out that the BLAST ecosystem lending project, PAC FINANCE, unexpectedly modified the LTV parameter of the EZETH pool, resulting in the liquidation of $24 million funds. Data from the BLAST blockchain explorer shows that the PAC FINANCE developer wallet called a function on its POOLCONFIGURATOR-PROXY contract at 1:06 AM UTC on April 11th, setting the LTV of EZETH to 60%.

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