Simplifinance Docs
  • Welcome
  • Getting Started
    • Create A FlexPool
    • Provide Liquidity
    • Get Finance
    • Payback
    • Liquidate
  • FAQs
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  1. Getting Started

Liquidate

When a contributor refuses to return the given fund within the grace period, they risk being liquidated by an external contributor.

PreviousPaybackNextFAQs

Last updated 4 months ago

No member of a FlexPool can liquidate another. When a contributor is liquidated, their debt as well as their collateral balances are fully relinquished and passed on to the liquidator.

Find a pool whose stage is in 'payback' and the button shows 'liquidate' . The button will show the right text if you meet the criteria. Click and wait for the transaction to be confirmed on the network.

liquidate