Before tracking funds, get the basics down. Today, let’s talk about on-chain liquidations.
In Compound V3, liquidation happens in two steps: the protocol first absorbs accounts that meet the liquidation criteria, then sells the collateral to buyers at a discount.
Consider using a wallet monitoring tool to set health factor alerts—don’t wait until liquidation happens to find out.
$COMP is the governance token of the lending protocol Compound.
#COMP
In Compound V3, liquidation happens in two steps: the protocol first absorbs accounts that meet the liquidation criteria, then sells the collateral to buyers at a discount.
Consider using a wallet monitoring tool to set health factor alerts—don’t wait until liquidation happens to find out.
$COMP is the governance token of the lending protocol Compound.
#COMP