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  • SmartCredit.io
  • Fixed-term/Fixed-rate Borrowing/Lending
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        • Borrowing SDK
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          • Liquidation
            • Liquidation Probability
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        • Lending SDK
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    • Release 1.0 - Foundation
    • Release 1.1 - Fixed Income Funds
    • Release 1.2 - Credit Lines
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    • Release 1.5 - Simple and Advanced Borrowing
    • Release 1.6 - Islamic Banking
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  1. Fixed-term/Fixed-rate Borrowing/Lending
  2. Borrow/Lend SDK and Widgets
  3. Borrow/Lend SDK
  4. Borrowing SDK
  5. Liquidation

Liquidation Probability

asyncliquidationProbability()

To check if the loan is close to liquidation the parameters that need to be sent are:

  • token:string – is the token you will get from the authentication

  • loanId:string - is the id of that specific loan.

const response = await this.newBorrowingService.liquidationProbability(
    token, loanId
)

This is an example of the successful response object of this function:

"liquidationProbability": [
    {
        "collateralNeeded": 229.1384
    },
    {
        "liquidationLimit": 117.98
    },
    {
        "liquidationProbability": 35.57
    }
]

If the `liquidationProbability` will be bigger than 15, this will mean that the loan is close to liquidation.

To prevent the liquidation the user should increase the collateral of the loan. The amount that the user should deposit is 20% of the collateral required the first time.

PreviousLiquidationNextIncrease Collateral for ETH

Last updated 2 years ago