Liquidate
An explanation for Archi Bank liquidation.
Last updated
An explanation for Archi Bank liquidation.
Last updated
A wallet must first be connected in order to use Cripto Archi Finance services.
Connect Wallet (Sevice)On the liquidation page, a list of loans subject to liquidation is provided at the top, and UI elements for liquidation details are at the bottom.
In the list of loans subject to liquidation, non-performing loans that exceed 100% of the borrowing limit are provided as items. The account, borrowed amount, and utilization of the borrowing limit is provided.
If a loan subject to liquidation is selected, the details will be provided once again at the bottom. This is a convenient function to eliminate the inconvenience of having to scroll up and down to see the information of the selected item again.
The following details are provided when you select a loan that is subject to liquidation.
Loan assets to be liquidated, collateral assets to be foreclosed
Since collateral for deposits and loans can be made for multiple assets, the loan assets to be liquidated and the collateral assets to be foreclosed must be selected in case insolvency occurs.
Loan amount, collateral amount
The amount for the selected asset is provided.
Maximum amount that can be liquidated
The maximum amount that can be liquidated is calculated using the amount of loan, collateral, and liquidation ratio. Liquidation is possible within this amount.
Wallet Balance
You must have loan assets in order to pay it off. Provides the user’s wallet balance for the loan asset.
Liquidate, Foreclosed, Price
Inputting the amount of liquidation shows the amount foreclosed and its price, which applies the cost of the loan and collateral asset and liquidation incentives.
Users can foreclose the collateral at a discounted price that applies liquidation incentives.
Input amount within wallet balance.
The amount of collateral to be foreclosed is displayed according to the input amount.
Click the Liquidate button.
