PDL
PDL, which stands for Price Down Limit, is a term used in DeFi (Decentralized Finance) platforms. It refers to a predetermined price level set by these platforms. If the price of the collateral cryptocurrency falls below the PDL, the system automatically initiates the liquidation process, selling the customers’ collaterals to mitigate the risk.
PDL, which stands for Price Down Limit, is a term used in DeFi (Decentralized Finance) platforms. It refers to a predetermined price level set by these platforms. If the price of the collateral cryptocurrency falls below the PDL, the system automatically initiates the liquidation process, selling the customers’ collaterals to mitigate the risk.
