Liquidation Guide
Liquidate risky positions to earn liquidation bonuses.
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Liquidate risky positions to earn liquidation bonuses.
Last updated
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On the Nitron Liquidations page, it is easy to liquidate a position at risk to earn a .
Follow the steps below to liquidate a position:
Step 1: Under “Earn” in the navigation menu, click “Lend, Borrow, Mint”, and access "Nitron Liquidations" via the side navigation.
The page above shows the market of all borrowers at risk of liquidation. You can view their health factor, collateral, debt, and so on.
Click on any of the borrowers' “Liquidate” buttons according to the collateral you’d like to seize and the bonus you would like to earn from liquidation.
Step 2:
On clicking the “Liquidate” button, you can view the full details of the borrower, such as the debt and collateral available, as well as the borrower’s health factor, which is shown below.
Click on the “Repay” or “Liquidate” button to repay the borrower’s debt.
Step 3:
The Repay and Liquidate page opens up.
If you have sufficient balance in your wallet, loan amount, or collateral, you can repay the loan with any of your desired assets.
You can also click on the settings [⚙️] button in this window to adjust your price tolerance settings.
At the same time, setting a lower tolerance will lead to your liquidation being reverted or failing if the price changes beyond your tolerance settings range. By default, the price tolerance is set at 1%.
Step 4:
Click on the “Repay & Liquidate” button to finalise your transaction.
Congratulations! You have successfully liquidated a borrower and earned a liquidation bonus.
