health factor goes below 1?
Grace period is for 6hours now.
How does treasury track the price of COTI to decide liquidation and isn’t that a transparent process ?
$COTI 💎 too kind should be no grace period! Unless system is down like now only exception!
Kindly check you DM Ben ..thanks
The health factor dropping below 1.0 puts users at a liquidation risk, which they now have to top up within 6hrs else they get liquidated
So in real time , how do you keep track ? Keep checking COTi wallet every minute or is there an alert mechanism in place ?
There's no alert mechanism in place just yet, but we do plan to add that feature, for now you can use the @coticomm_bot created by @mrnotinuse
Thanks Ben ..for a x3 leverage , if the price drops by 33% from entry price then your assets gets liquidated ? Is that right ? And is there a price chart on COTI page to track the price history ?
Pls respond when free thanks
You can use the bot I recently shared to calculate what your liquidation price would be. There's no price chart to track your price history yet.
Since when is it 6 hours ? I believe it was 24 hours
Was announced last week; https://t.me/COTInetwork/701263
So if someone’s fund gets liquidated , how do we know what exactly happened ? Is there a transaction ID to track ? Without price history chart , how could someone raise a concern about liquidation history ?
For a x3 leverage , how low should the price drop from entry price to trigger liquidation ? Is there any white papers which explains this ? Thanks Ben
Its all about your entry price and health factor
Hi Ben to send Coti from Viper to Huobi here do I put the tag I’m looking on the Viper wallet and I don’t see any field to past the tag
There's a history tab to monitor all transactions, including liquidations
market price is visible to everybody
You'll need the deposit tag in huobi, you can add it to your viper description before sending.
As there are no alerts , technically the only way is to track the market ..so we need to know which chart values are being inputed to treasury to decide health factor and liquidation
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