Hey everyone. Question about liquidations on anchor. What portion of

Question

Terra Classic - $LUNC

Shane Williams

Hey everyone. Question about liquidations on anchor. What portion of

your bluna would be liquidated? Is it just enough to fix the ratio or is it more?

#blockchain #cryptocurrency #english #luna

0

08.03.2022

7 ответов

19 просмотров

Rose🌹 | cosmosrescue

"Loans with a total collateral value of above 2,000 UST are partially liquidated, with only a portion of collateral liquidated instead of liquidating the full amount. Locked collaterals are fully liquidated for loans with a total collateral value below 2,000 UST." https://docs.anchorprotocol.com/protocol/loan-liquidation

0

08.03.2022

Rose🌹 | cosmosrescue

Visal
Why liquidation? Is about loan? Could we loan on A...

You sure can! You deposit Luna or ETH as collateral (there will be more options for collateral in future) and pay interest in UST, while getting rewards in $ANC for borrowing. At the moment with the price of $ANC quite high, you are actually being paid to borrow 🤯

0

08.03.2022

Visal

Rose🌹 | cosmosrescue
You sure can! You deposit Luna or ETH as collatera...

Thank you man. Can we add or adjust collateral? For example, market drop and liquidation call should we add more collateral to avoid liquidation?

0

08.03.2022

Rose🌹 | cosmosrescue

Visal
Thank you man. Can we add or adjust collateral? Fo...

Yep you can add more collateral or pay off the loan to get your loan-to-value ratio down

0

08.03.2022