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  1. Unlockd at a glance
  2. Liquidators

How to liquidate

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Last updated 2 years ago

In the Auctions section you will find four sub-sections: Loans in Auction, Health Factor List, Auction history, and My Auctions.

In this subsection, you will see all the loans that at this moment are about to be liquidated because their health factor is below 1.00, available to bid for them.

If the NFT is yours, you will have a variable margin to make Redeem (Borrower Grace Period), partially returning the loan so that its health factor rises above 1.00 and leaves the liquidation zone.

The maximum amount you can repay is 90% of the loan (If you want to recover your NFT in your Wallet you can do it from the My Loans section of the Borrow section, through the Repay option).

If the NFT is not yours you can bid for it from the Place a bid option, and the protocol will indicate the minimum amount you can bid.

In case you want to know the status of your bid, you will be able to see it from the My Auctions subsection.

In this sub-section you can see, from lowest to highest, all the health factors of all the active loans in the protocol, as long as they have a Health factor equal or higher than 1.00.

If it is lower, they will not appear here but will be in the Loans in Auction sub-section.

In this sub-section you will be able to see the history of transactions that have been made in the protocol, viewing their token ID, image, the final bid price, the address that won the bid, and the exact date and time of the transaction.

In this subsection you will be able to see the status of your bids when you have participated in any Auction.

In case you have placed a bid and won the Auction, you will be able to claim the NFT through the Claim option.

If you have participated in an Auction, and it is still active and your bid has not been improved by another bidder, you will see the status Ongoing.

If your bid has been improved by another bidder, you will see the status Failed Auction.

Whenever you have made any transaction in the protocol, in this case a Claim of an NFT of a won Auction, you will see a modal screen where you will see that you have made the transaction, and a link to Etherscan where you will be able to see the transaction:

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