Liquidations
A user’s collateral may be liquidated if it falls below the thresholds required for the borrow or stablecoin side of a specific coin market. These liquidations are subject to a liquidation fee and to satisfy the outstanding debt. The remaining collateral, if any, is then returned to the user. A liquidator can stand to benefit from liquidating a collateralized position.
Each asset in Lemond protocol has specific values related to their risk, which influences how they are loaned and borrowed. The table below shows a summary of the latest values.
Name | Symbol | Loan To Value | Liquidation Threshold | Liquidation Bonus | Reserve Factor |
OKExChain Token | OKT | 50% | 50% | 8% | 8% |
OKBlockchain | OKB | 50% | 50% | 8% | 8% |
Tether | BTCK | 80% | 80% | 8% | 15% |
Bitcoin | ETHK | 75% | 75% | 8% | 10% |
Ethereum | USDT | 80% | 80% | 8% | 10% |
The progress bar on the Lend page shows the percentage of the current loan value to the mortgage value. When the Borrow limit is 100%, and the user's loan value actually reaches 80% of the mortgage value, liquidation occurs.
Last modified 1yr ago