Hey guys...this price drop just hit the liquidation point on

Question

Hey guys...this price drop just hit the liquidation point on

my minted kava
I thought I'd be hit by 2% each time until the current price was met...but all of my kava is gone...can't see it there...😱@cryptoswithcam help?

#blockchain #cryptocurrency #english #kava

0

04.12.2021

14 ответов

27 просмотров

CryptoDaz (Darren)

Check mintscan and see if there is a liquidation tx listed

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04.12.2021

Neca Careca Автор вопроса

there's loads

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04.12.2021

CryptoDaz (Darren)

If liquidated, a 7.5% penalty on kava mint, plus all asset auction off to recover the USDX debt and any excess returned after the auction ends. Auctions last between 8 and 24 hours. Minimum time is 8 hours but extended by 8 hours when a bid is received until the maximum of 24 hours

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04.12.2021

CryptoDaz (Darren)

Neca Careca
there's loads

Ignore failures with a cross, look back to find a success tx

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04.12.2021

Neca Careca Автор вопроса

CryptoDaz (Darren)
If liquidated, a 7.5% penalty on kava mint, plus a...

I see...being auctioned at this price is terrible though...😬

0

04.12.2021

CryptoDaz (Darren)

Neca Careca
I see...being auctioned at this price is terrible ...

If the market bounces the bids should rise, you just have to hope the market recovers quickly

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04.12.2021

Cryptonian | AstarDEGENS

CryptoDaz (Darren)
If liquidated, a 7.5% penalty on kava mint, plus a...

I'm confused. I was under the impression that the 100% on the website was always at 60% of your collateral, so if liquated you have 40% left. I just logged on to the website and I am totally wiped out

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04.12.2021

CryptoDaz (Darren)

At the point of liquidation your USDX debt will have been 67% of the value of your collateral, plus there is also the penalty of 7.5% to cover. All of the collateral is auctioned and any excess returned

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04.12.2021

Hong Sar

CryptoDaz (Darren)
At the point of liquidation your USDX debt will ha...

Hi sir! It busy to repay some usdx. due to price very volatile so i worry about my debt. Can it safe or not?

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04.12.2021

CryptoDaz (Darren)

Cryptonian | AstarDEGENS
I'm confused. I was under the impression that the ...

The auctions are in 2-phases, the forward phase where bidders are bidding on how much they wish to pay for the full auction lot (each assets would be a sepaarte auction lot and if a large amount split into several smaller auction lots), once bidding has reached enough to cover the debt in full the auction moves to the reverse phase where the auction bid is fixed but now bidding down the amount of the auction lot they are willing to take, so you might start with 3000 XRP up for auction and hopefully the bidders will bid down the amount of XRP they want down to closer to 1500 XRP, it is unlikely to reach full market value but hopefully something close, so if perhaps it came down to 1600 XRP, the remaining 1400 XRP would be returned to you. You also now own the the borrowed assets outright

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04.12.2021

CryptoDaz (Darren)

Hong Sar

Hi sir! It busy to repay some usdx. due to price v...

BUSD CDP's are safe

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04.12.2021

Hong Sar

CryptoDaz (Darren)
BUSD CDP's are safe

Thank you!

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04.12.2021

Cryptonian | AstarDEGENS

CryptoDaz (Darren)
The auctions are in 2-phases, the forward phase wh...

Cool, thanks for the explanation

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04.12.2021

Mike · Accepted Answer

Mike

Can't remember how the auction thing works but I think it all gets sent off and then whatever it doesn't sell gets returned after auction. Don't quote me on this

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04.12.2021

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Hey guys...this price drop just hit the liquidation point on

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