Example: my collateral = $100 in $dfi, loan = $51

Question

Example: my collateral = $100 in $dfi, loan = $51

in dTsla, auction winner = $97 in dTsla. I get $97 in dTsla, lost my $100 in $dfi collateral and have to pay back my $51 in dTsla. Correct?

#blockchain #cryptocurrency #defichain #english

0

18.04.2022

5 ответов

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DcShel Shelton

Isn't the correct answer to his question, when a person's vault get's liquidated their value is whatever they have remaining in their wallet? How can they be required to pay back anything. The auction winner is paying off the fees and interest when they win the auction. Plus the minted coin is owned by them to use as they please.

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18.04.2022

Bernd Mack

DcShel Shelton
Isn't the correct answer to his question, when a p...

payback runs automatically.

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18.04.2022

DcShel Shelton

sure, but it doesn't affect his wallet balance. That's done automatically after someone wins the action. Maybe I misread his question, but it looked like he was asking how much of his collateral or fees would have have to pay. So I am saying all his collateral and no fees.

0

18.04.2022

Bernd Mack

DcShel Shelton
sure, but it doesn't affect his wallet balance. Th...

i would say question was what is in his wallet after someone else gets the auction and what are the different elements in the calculation: https://t.me/defiblockchain/187811

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18.04.2022

Bernd Mack · Accepted Answer

Bernd Mack

plus 5% penalty for liquidation and do not forget the interest of your loan

0

18.04.2022

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Example: my collateral = $100 in $dfi, loan = $51

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