You only learn after paying too much tuition: read the manual first.
Today's topic: on-chain liquidation
In Compound V3, liquidation happens in two steps: the protocol first absorbs accounts that can be liquidated, then sells their collateral to buyers at a discount.
Repaying your debt or adding collateral yourself generally costs you less than waiting to be liquidated, since liquidation comes with an extra penalty.
$COMP is the governance token of the lending protocol Compound. Currently 20.34.
Stay rational and manage your position carefully.
Today's topic: on-chain liquidation
In Compound V3, liquidation happens in two steps: the protocol first absorbs accounts that can be liquidated, then sells their collateral to buyers at a discount.
Repaying your debt or adding collateral yourself generally costs you less than waiting to be liquidated, since liquidation comes with an extra penalty.
$COMP is the governance token of the lending protocol Compound. Currently 20.34.
Stay rational and manage your position carefully.
