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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.

Risk Parameters

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