Is there an admin here that can help me? I

Question

Anchor Protocol

Paul Metcalfe

Is there an admin here that can help me? I

need to clear my borrow debt with my bLuna. How do I do this?

#anchor #cryptocurrency #english

0

09.10.2021

10 ответов

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Paul Metcalfe Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
You can only clear it by paying UST back not with ...

I wish Anchor would have made this clear on the site. After reading the anchor docs regarding liquidation, it states that if this happens to amounts larger than $2k the investor will have an amount deducted from them to take them back to a safe LTV. Can you please tell me if this would release me from the loan after paying the liquidation fee or would the rest of my collateral still be tied up in the loan and inaccessible as this scenario is not covered in the documentation. And would the safe LTV be 45%?

0

10.10.2021

Shaun I will not DM You first

It wouldnt close the Loan if its over 2kUST, it would bring you back to the 48% LTV.

0

10.10.2021

Rayhan Bappi

What is the condition to get airdrop

0

10.10.2021

Shaun I will not DM You first

Rayhan Bappi
What is the condition to get airdrop

Airdrop of?

0

10.10.2021

Paul Metcalfe Автор вопроса

Shaun I will not DM You first
It wouldnt close the Loan if its over 2kUST, it wo...

This needs to be addressed as I don't have the money to pay off the loan as it is all tied up in the collateral. Would it be possible to put this forward as a proposal?

0

10.10.2021

Paul Metcalfe Автор вопроса

Shaun I will not DM You first
It wouldnt close the Loan if its over 2kUST, it wo...

I thought this was the whole purpose of staking the b collateral. So if you default on the loan they take it out of the collateral.

0

10.10.2021

Shaun I will not DM You first

They do, though Above 2kUST could default multiple times.

0

10.10.2021

Paul Metcalfe Автор вопроса

Shaun I will not DM You first
They do, though Above 2kUST could default multiple...

I have just had someone reply to me on twitter regarding my situation and he said using the bLuna WITHDRAW button withdraw collateral then instant burn the bLuna under Bond tab to Luna, then sell Luna to UST then pay off loan with the UST by clicking REPAY button under Borrow tab. Would this work if I was under the 45% safe LTV as I cannot try it now as I'm above 50% on my LTV as I've tried already.

0

10.10.2021

Shaun I will not DM You first

Paul Metcalfe
I have just had someone reply to me on twitter reg...

Would work if under 50%

0

10.10.2021

Mayank Grover (Will never DM first or ask for funds) · Accepted Answer

Mayank Grover (Will never DM first or ask for funds)

You can only clear it by paying UST back not with bluna

0

09.10.2021

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