So you also pay the oracle price to your liquidator?

Question

Mirror Protocol

Fly Bird

So you also pay the oracle price to your liquidator?

#cryptocurrency #english #mirror.protocol

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04.04.2022

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Mayank Grover (Will never DM first or ask for funds)

Circulus Albus
If I short 1 mAsset priced 10$, with 20$ as collat...

If you use 20$ as collateral and borrowed mAsset of 10$ and if the price of mAsset increases by 33% that means 13.33$ then you will get liquidated and mAsset will be with you. But your collateral of 20$ will be liquid by the liquidator at discount.

0

04.04.2022

Circulus Albus · Accepted Answer

Circulus Albus

If I short 1 mAsset priced 10$, with 20$ as collateral (so 200% starting collateral), with minimum collateral 150%. The if the liquidation price 13.33$ is hit, my collateral will be < 150% and I will be liquidated. 13.33$ is used to buy 1masset and return it to the pool. But what happens to the 20-13.33=6.67$ dollars that I had in the collateral? How are the 6.67$ distributed?

0

04.04.2022

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So you also pay the oracle price to your liquidator?

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