No one asked you to repay—so how did your DeFi lending collateral suddenly get liquidated?
If collateral prices plunge and liquidation doesn't happen in time, the remaining collateral may not be enough to cover the debt, leaving the protocol with bad debt.
Consider using a third-party tool to set up health factor alerts—don't wait until you've been liquidated to find out.
$COMP is the governance token of the lending protocol Compound.
What do you think? Join the discussion in the comments.
#COMP
If collateral prices plunge and liquidation doesn't happen in time, the remaining collateral may not be enough to cover the debt, leaving the protocol with bad debt.
Consider using a third-party tool to set up health factor alerts—don't wait until you've been liquidated to find out.
$COMP is the governance token of the lending protocol Compound.
What do you think? Join the discussion in the comments.
#COMP