In case of liquidation, you are only charged for the

Question

In case of liquidation, you are only charged for the

loan, right? I.e. if you have 1000$ in eth as collateral, and you borrow 300$ if you got it you would only sell part of your eth to cover the 300$ plus commissions right?

#aave #blockchain #cryptocurrency #english

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01.01.2022

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Redficrypto Gonzalez Автор вопроса

In other words, following the example I have given, I would be paid $150 + fee and not the $300?

0

01.01.2022

Essah

Redficrypto Gonzalez
In other words, following the example I have given...

Yes, So you will be liquidated half of your loan. Protocol will collect from your collateral + the liquidation fee https://docs.aave.com/faq/liquidations#can-you-give-me-an-example

0

01.01.2022

Redficrypto Gonzalez Автор вопроса

Essah
Yes, So you will be liquidated half of your loan. ...

mmm okay, I understand then for my example. 1000$ ETH as collateral 300$ DAI loan If I am liquidated from the 1000$ in ETH I would be charged 150$ + fee, ie I would be left with a total of about 850 in eth¿? I mean because if so I do not really understand how the platform is earning if you do not charge the entire loan.

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01.01.2022

Essah · Accepted Answer

Essah

the liquidation liquidates up to 50% of the debt + liquidation fee and the remaining collateral remains to you

0

01.01.2022

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In case of liquidation, you are only charged for the

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