John Todaro: Many positions in DeFi protocols are over collateralized

06/19 05:25

According to CNBC, “The risk certainly seems like it’s just the beginning,” said John Todaro, Needham’s vice president of crypto assets and blockchain research. “What I would say is on the decentralized side — a lot of these DeFi protocols, a lot of those positions are over collateralized, so you shouldn’t quite see the underfunding situation that could happen with centralized borrowers and lenders. But that being said, you could still see a lot of liquidations with that collateral being sold off on DeFi protocols,” continued Todaro.
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