Maple, a decentralized credit protocol, announced that none of its users' positions were liquidated during the price crashes on February 2nd, resulting in no bad debt. Users deposited $10 million to reinforce their margins and avoid liquidation events. Maple managed $2.5 billion in loans as of February 7th. The report emphasized that Maple's Blue Chip and High Yield Secured Lending products remained fully overcollateralized, attributing this to margin calls issued before collateral levels became critical. The High Yield Secured pool received $2 million in inflows during the liquidations. Additionally, Aave, another decentralized finance (DeFi) protocol, successfully processed $210 million in liquidations and maintained zero additional bad debt during the price crashes. Despite the scale of the liquidations, Aave's existing bad debt decreased by 2.7% due to the declining value of debt assets.



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