Phantom Price Drops to 79 Cents

The founder of liquid driver, another depi protocol on phantom, doctor herlats lafe, thea scream founder, to kind of this potential cascade of liquidations that could have happened. The sheer volume of collateral that was starting to get liquidated was going to congest the phantom network so much if it all started to go out into the open market and be sold off. "It just shows the craziness of what can happen we when you're being over leveraged," says skana.