Liquidation Process Overview 1/3. • When agents' collateral ratio (CR) falls below the required level, liquidators step in.
08 Dec 2023, 11:32
Liquidation Process Overview 1/3
• When agents’ collateral ratio (CR) falls below the required level, liquidators step in.
• Liquidators submit FAssets and are compensated w/ a mix of vault & pool collateral, plus a premium, to restore the agent’s CR to an acceptable level.