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Salt-

I have never being liquidated on anchor before. So I

was wondering, what happens if the value of $Luna touches the price of my bLuna to trigger liquidation.?
Will the full loan be paid with my bLuna assets or a part of the loan will be paid?

#anchor #cryptocurrency #english
0

6 ответов

20 просмотров
Salt- Автор вопроса

@teletaster

0
19.11.2021
Taster： block all scammers-beware direction message , all are scammers

You are able to set the borrowing ratio in Anchor, so if you are allowed to borrow 50% of your collateral, then stay below 25% and do not spend all your borrowed money. Thus even when the price of LUNA drops half which is unlikely to happen in one day, then you could use the unspent money to pay for the loan and stay safe. Always keep a good margin of safety. No financial advice. Just a thought to think about.... oh... why you @teletaster? LOL ... I am NOT admin. and community member could answer you in this forum. Any DM is scammer.

0
19.11.2021
Salt- Автор вопроса
Taster： block all scammers beware direction message , all are scammers
You are able to set the borrowing ratio in Anchor,...

Thanks. But doesn't answer my question which is on how liquidations are executed

0
19.11.2021
Taster： block all scammers-beware direction message , all are scammers
Salt
Thanks. But doesn't answer my question which is on...

You only need to pay enough to stay safe. Yes, liquidation is to sell your collateral.

0
19.11.2021
Taster： block all scammers-beware direction message , all are scammers
Salt
😒

But of course, always pay MORE than enough to stay safe. Otherwise, the price flunctuate would hurt as well. Also, there is a minimum value to be kept, I think (double check yourself) anything below value of $200 ( or is it $100?) will be liquidated no matter what..

0
19.11.2021

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