Can someone explain the liquidation process to me please… What will

Question

Can someone explain the liquidation process to me please… What will

happen when my health factor reaches 1? We still have a 24 hour grace period right? If so will we still earn apy during the 24 hour period? If the health factor goes below 1 and then returns back above 1 within the 24 hour period is any action necessary? Is there any fee for reaching a health factor under 1? Any other information I need?
Thanks!

#coti #cryptocurrency #english

0

19.02.2022

5 ответов

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TysonsFury Brooks Автор вопроса

Vladyslav | COTI
Read all about COTI Treasury here: https://cotine...

Thank you but I’m already very familiar with this article and I think you’ll agree it doesn’t answer any of the questions I asked. Can I get my questions answered specifically please?

0

19.02.2022

Geordie R

Devs wouldn't go to the trouble of stopping apy during a liquidation period ...you'll still earn apy unless you get finally liquidated, it's the least of your worries if your facing liquidation as the grace period is quite short (while there still is one)

0

19.02.2022

TysonsFury Brooks Автор вопроса

Geordie R
Devs wouldn't go to the trouble of stopping apy du...

Thanks, that’s not a worry. I’d just like to fully comprehend the system when there’s a liquidation risk

0

19.02.2022

Ryan Hollis

Trying to find out the same thing as I’ve got the “Liquidation Warning” icon on my wallet but with a Health Factor or 1.27 so think I’m safe but would love to KNOW if ok..

0

19.02.2022

Vladyslav | COTI · Accepted Answer

Vladyslav | COTI

Read all about COTI Treasury here: https://cotinetwork.medium.com/everything-you-need-to-know-about-the-coti-treasury-b5fd09e1d82a best regards,

0

19.02.2022

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Can someone explain the liquidation process to me please… What will

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