Looks like the top 5 liquidators have a lion's share of work with the rest of the liquidators having done some liquidations on the tail-end.

Okay, so now that we have a sense of who liquidates on Anchor having learnt how many liquidations happened, who got liquidated and for how much I feel like our foray into Anchor liquidations is somewhat complete. My closing remarks are just that its awesome to see a complex money market like Anchor function completely based off of code and provide tremendous value to people whilst protecting their capital (at least in the depositor's case)

See you on another dashboard!

The top account has been liquidated more than 4 times as many times as the account that has been liquidated the second-highest number of times! That's almost impressive!

Okay, lots of liquidations happening, we know who's getting liquidated for the highest amount and the most times, the last logical thing to do is to look at who is doing the liquidations:

Okay, so this is absolutely crazy to look at. The largest liquidation has been for over 1M (the offer amount for loan liquidation was 1M!!!) and over 20 liquidations have been for over 100k!

Now, let's go and find the accounts who have been liquidated the most times:

Okay, so amazingly 1/3rd of all liquidations on Anchor have happened on the 23rd of May and half of all liquidations happened between the 19th and the 23rd. Amazing to see DeFi in action without any bailouts or human intervention.

Now that we have a macro sense of liquidations on Anchor let's look at specifics of liquidations, starting off with the largest liquidations on Anchor:

From a previous dashboard here, we know that there have been ~25k accounts who have interacted with Anchor which means about 1/6th of accounts that have interacted with Anchor have been liquidated.

We also haven't really looked at what the total number of liquidations on Anchor in the last 90 days has been (to see what proportion of liquidations happened on the big crash of the 23rd of May):

Interestingly, it looks like the crypto crash from May 19-23 was the first time a lot of users were liquidated multiple times on the same day. We had 2500 accounts get liquidated on the 23rd March but a total of 3906 liquidations. This means on average more than half the accounts got liquidated multiple times (this happens due to partial liquidations of their account).

This got me curious as to how many accounts total have been liquidated on Anchor and the number turns out to be about 4.5k:

As expected, each spike in liquidations is accompanied by a quick and sudden drop in the price of LUNA (and consequently bLUNA, which probably suffered even more due to cascading liquidations).

Okay, now let's drill down into these liquidations and look at who got liquidated and how much pain these liquidations caused. Starting off by first looking at how many unique accounts/addresses have been liquidated each day:

As one would expect the big crypto crash in May (along with the Anchor web app crapping out) caused a huge spike in liquidations and it also looks like users have been significantly more vigilant since then. This is also obvious to see from the ludicrous APRs (ranging between 140-220%) borrowers can get on Anchor loans (due to people borrowing less or not borrowing at all).

But let's also overlay the price of LUNA (as a proxy for the price of bLUNA) to get a sense of how price fluctuations impacted loans:

As always, let's start of simple and look at daily liquidations on Anchor: