Liquidation

In return for repaying the loan, liquidators receive a discounted amount of the borrower's collateral, represented by tToken.The formula to calculate the discounted tToken amount is as follows:

discounted tToken amount = repay amount * liquidation incentive * (price of borrowed token / price of collateral token) / exchange rate

The liquidators is then transferred tTokens, which they may redeem the same as if they had supplied the asset themselves. Now, liquidation incentive is 1.08.

TErc20

Tether

Solidity

Web3 1.0

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