The first week of the new year has seen a cruel pullback across all cryptocurrencies on the market. The price of Ether (ETH) fell from its November peak of $4,800 to below $3,000 on January 8 and the LUNA governance token also fell from $85 on December 31 to $67 on January 8. of 2022.
These unexpected dramatic moves often cause liquidation cascades in the loan market, but also create unique buying opportunities in collateral liquidation markets.
Kujira’s Orca protocol is a platform built on top of the Terra network and allows investors to bid on bETH (Ether-linked asset) and bLUNA (LUNA-linked asset) at a discounted price when collateral at risk is settled.
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