Is this where the 0-30% premium comes into play form

Question

Anchor Protocol

AJ_UST “WILL NOT DM FIRST”

Is this where the 0-30% premium comes into play form

the bidders?
Does anchor take a % as well?
So much important Information left out of the docs

#anchor #cryptocurrency #english

0

15.11.2021

10 ответов

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AJ_UST “WILL NOT DM FIRST” Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
There is a 0-15% premium discount for the bidder.

Ok. So it is a range. Got it. Thank you. So you never truly know how much additional collateral you will lose but the maximum is 15%. Strange that the docs say 30% though. & anchor doesn’t keep any of this? It is all paid to the bidder?

0

15.11.2021

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

AJ_UST “WILL NOT DM FIRST”
Ok. So it is a range. Got it. Thank you. So you ne...

It's not about the collateral number. 0-15% is the premium discount at which liquidators will get your collateral.

0

15.11.2021

AJ_UST “WILL NOT DM FIRST” Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
It's not about the collateral number. 0-15% is the...

That makes a lot more sense. Thank you. I believe I understand now.

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15.11.2021

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

AJ_UST “WILL NOT DM FIRST”
That makes a lot more sense. Thank you. I believe ...

Cool

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15.11.2021

Kevin P 🌖

Actually, 0% -15% was just a couple weeks back, until we had the liquidation queue. With the new mechanism, Now the premiums can be from anywhere from 0~30%, and the bids with lower premiums are executed first. You can check out the state of bids here https://orca.kujira.app/

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15.11.2021

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

Kevin P 🌖
Actually, 0% -15% was just a couple weeks back, un...

Thank you very much for correcting here.

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15.11.2021

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

Kevin P 🌖
Actually, 0% -15% was just a couple weeks back, un...

@AJ_UST

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15.11.2021