Liquidations
Last updated
Last updated
This documentation is a work in progress!
Anyone can liquidate a under the by repaying of the position, increasing its . The repaid value, plus a liquidation incentive, is seized from the and sent to the liquidator.
The liquidator decides which to repay and the to seize in return.
While a CDP’s collateral and debt can be composed of several assets, liquidations operate exclusively on one debt asset and one collateral asset at a time.
If the CR remains below the LT after a liquidation call, it is subject to additional liquidations up to the .