Liquidations

If the value of a collateral position is below the liquidation rate (example 150% of debt) it can be liquidated by other users.

To check active collateral positions that can be liquidated go to the liquidations tab in your dashboard.

The liquidation tab is a POC implementation. Direct interactions with the smart contract are faster. Because the first one to call liquidation receives the discount, speed is of the essence. It is advised to use your own offline script to check for liquidations.

Example liquidation dashboard below.

Liquidation dashboard