When is the grace period for luquidation kicks in?

Question

When is the grace period for luquidation kicks in?

If my health factor is <= 1.0, will I be given a grace period for 24 hours to make a corrective action to avoid liquidation? Or does this grace period kicks in when I’m close to 1.0?

#coti #cryptocurrency #english

0

03.02.2022

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Charles Hoskinsons Автор вопроса

Where is the grace period kicks in?

0

03.02.2022

Charles Hoskinsons Автор вопроса

Charles Hoskinsons
Where is the grace period kicks in?

*During the first weeks of the launch the grace period will be 24 hours. The grace period is subject to change at any time and it’s your responsibility as a user to actively maintain the deposits that are at risk of liquidation.

0

03.02.2022

Charles Hoskinsons Автор вопроса

Charles Hoskinsons
*During the first weeks of the launch the grace pe...

See no clear wordings when is the grace period going to kick in. I’m under the impression that grace period kicks in when your health factor is <= 1.0. And that you have 24 hours to avoid liquidation. But that was not stated in the link.

0

03.02.2022

Charles Hoskinsons Автор вопроса

Charles Hoskinsons
See no clear wordings when is the grace period goi...

In the event that the deposit was liquidated by the platform as a result of a deposit health factor of 1.0 (or lower) ,the Liquidated deposits’ entire balance will be transferred to the treasury and redistributed in a form of treasury rewards between all active deposits.

0

03.02.2022

Charles Hoskinsons Автор вопроса

Charles Hoskinsons
In the event that the deposit was liquidated by th...

No grace period mentioned. Makes you want to imply.

0

03.02.2022