During the great liquidation of yesterday, price of $BERA on Kodiak never wicked down. Deep dex liquidity (powered by POL) kept it with a low of $1.7, even as CEX prices wicked down to 0.85 (because market makers stopped quoting).
Basically this means the dump (another 50% lower) was pretty much entirely driven by cex liquidation cascade.
This is why incentivizing passive dex liqudity is important for L1s, and this is the important role played by Kodiak in the Bera ecosystem.
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