Introduction

Folks Finance is a leading DeFi protocol for borrowing and lending built on the Algorand blockchain. It has several pools that enables users to borrow a variety of assets including ALGO, USDC, USDt, goBTC, and goETH.

Users can use different assets as collateral to borrow above mentioned assets. If the price of the collateral drops significantly the collateral will be liquidated.

This dashboard investigates the liquidation of assets on Folks Finance.

Analysis

The graph below shows the daily number of liquidations over time.

We can see an spike on May 10th; the Terra collapse.

Graph below shows the number of liquidation per 6 assets. We can see that on May 11th goBTC liquidation sparked.

Graphs and boxes below shows the amount of liquidations and average amount of liquidations per assets individually.

The effect of the Terra collapse on May 11th is obvious in liquidation of assets on Folks F