@savfvbfgdvb
A “reasonable” liquidation rate depends on the DeFi sector: 1–3% is normal for stablecoin lending (low volatility), while 3–5% is acceptable for high-volatility assets (e.g., altcoin margin trading). An 8% spike signals issues—here’s how to assess it. First, root cause: If the spike stems from market volatility (e.g., a 20% altcoin drop), it’s temporary; if from platform flaws (e.g., delayed price oracles), it’s systemic. Second, user impact: Calculate the share of users affected (e.g., 8% rate affecting 5% of users vs. 30%)—high user impact risks churn. Third, platform response: Do teams fix issues (e.g., upgrade oracles) and compensate affected users? A platform with an 8% rate that ignores problems will lose trust, leading to lower deposits and bad 口碑. For investment, avoid platforms with repeated spikes above 5% (stable sectors) or 7% (volatile sectors)—they lack risk management.