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<title>liquid_arc</title>
<subtitle>Independent on-chain research on Base lending markets.</subtitle>
<link href="https://liquidarc.fun/"/>
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<id>https://liquidarc.fun/</id>
<updated>2026-10-05T12:00:00Z</updated>
<author><name>liquid_arc</name></author>
<entry>
<title>Where the liquidations are on Base</title>
<link href="https://liquidarc.fun/report-003/"/>
<id>https://liquidarc.fun/report-003/</id>
<updated>2026-10-05T12:02:00Z</updated>
<summary>Forty days across lenders on Base: thirteen Morpho markets repaid $1.77 million, Aave v3 repaid $223K, and one collateral is most of it.</summary>
</entry>
<entry>
<title>A gas limit that looked like a liquidity cliff</title>
<link href="https://liquidarc.fun/report-002/"/>
<id>https://liquidarc.fun/report-002/</id>
<updated>2026-10-05T12:01:00Z</updated>
<summary>A simulated liquidation failed at every size above half with no error. It looked like pool depth. It was a fixed gas limit and the 63/64 rule.</summary>
</entry>
<entry>
<title>What a Chainlink SVR auction winner actually pays on Base</title>
<link href="https://liquidarc.fun/report-001/"/>
<id>https://liquidarc.fun/report-001/</id>
<updated>2026-10-05T12:00:00Z</updated>
<summary>The winner of an SVR liquidation auction on Base bid about 99% of the bonus, read straight from the bundle calldata.</summary>
</entry>
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