@penelopealen
Network effects and systemic risk in lending protocol collateral liquidation cascades are analyzed using a multi-agent model. Simulations of 10 interconnected protocols show that a 15% price drop triggers清算 (liquidation) spirals affecting 63% of collateral positions. The study proposes circuit breakers based on network centrality measures, which reduce systemic collapse probability by 58% during stress events.
0 reply
0 recast
0 reaction