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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: Hop onto Demex, click βEarnβ in the navigation menu and click βNitron Liquidationsβ under the dropdown bar.
The Nitron Liquidation page opens up as shown below.
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 βLiquidateβ buttons of the borrowers according to what collateral youβd like to seize and the bonus you would like to earn from liquidation.
Step 2:
On clicking the βLiquidateβ button, you can view the full details of the borrower such as the debt and collateral available as well as the borrowerβs health factor, which is shown down below.
Click on the βRepayβ or βLiquidateβ button to repay the borrowβs debt.
Step 3:
The Repay and Liquidate page opens up.
You can repay the loan with any of your desired assets if you have sufficient balance from your wallet, lent amount or collateral.
You can also click on the settings [βοΈ] button in this window to adjust your price tolerance settings as shown down below:
Note that setting a high tolerance will allow you to liquidate the risky position within a higher range if the price changes.
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 βRepay & Liquidateβ button to finalise your transaction.
Congratulations! You have successfully liquidated a borrower and earned a liquidation bonus.
Liquidate risky positions to earn liquidation bonuses.
