- Visit https://go.liquidloans.io/#/liquidations
- Connect your wallet.
- Find a ‘liquidatable’ vault. A vault is up for liquidation when it falls below 110% collateral ratio under normal conditions, and 150% during recovery mode.
- If you see a vault which meets the parameters, click ‘Liquidate’.
- The Liquidator receives a reward of 200 USDL paid by the liquidation reserve.
- Fortunately, liquidations do not happen often. But keep your eyes on the lowest collateralized vaults for an opportunity to earn an easy 200 USDL.
Connor
Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.