Manual asset liquidation

Information for more technical savvy users looking to participate in manual asset liquidation

To participate in manual asset liquidation

• Subscribe to the Unit Protocol Telegram bot

  • The bot will push notifications if a CDP is triggered for liquidation.

• Use the liquidation DApp to check current liquidation parameters and buy out the collateral.

Technical information

• Liquidation trigger:

  • function triggerLiquidation(address asset, address user) to contract 0x0e13ab042eC5AB9Fc6F43979406088B9028F66fA . Performed by the liquidator bot https://github.com/unitprotocol/liquidator .

• Buyout collateral:

  • approve USDP to Vault 0xb1cFF81b9305166ff1EFc49A129ad2AfCd7BCf19

  • Call buyout on LiquidationAuction02 0xaEF1ed4C492BF4C57221bE0706def67813D79955

  • CDP information can be accessed in Vault contract 0xb1cFF81b9305166ff1EFc49A129ad2AfCd7BCf19. getTotalDebt etc.