About on-chain liquidations:
Taking Aave as an example, once a borrowing position’s health factor falls below 1, any address can act as a liquidator and execute the liquidation.
Liquidations are mainly carried out by automated bots: they continuously monitor on-chain positions and submit a liquidation transaction as soon as the health factor drops below 1.
$COMP 20.37 (-1.12%)
Taking Aave as an example, once a borrowing position’s health factor falls below 1, any address can act as a liquidator and execute the liquidation.
Liquidations are mainly carried out by automated bots: they continuously monitor on-chain positions and submit a liquidation transaction as soon as the health factor drops below 1.
$COMP 20.37 (-1.12%)
