On-chain research on liquidations & lending risk
We index every liquidation on Aave and Morpho. Sometimes the data tells a bigger story than "someone got liquidated." Here's what we've found.
On-chain forensics
The $1.1M Trap: how toxic-collateral markets farm liquidation bots
A slice of DeFi liquidations aren't accidents — they're honeypots on permissionless markets, and naive bots bleed over $1M every two months into them. We found the recipe in the data.
Field guide
Hot-oracle markets: 6 red flags before you get rekt
Permissionless lenders let anyone list any collateral with any oracle. Here are the six on-chain red flags that separate a real market from a trap — and how to check each in a minute.
Liquidation Shield