In the article below, we will focus on collateral liquidation time. If you need to know more about the reasons the liquidation occurs, refer to our article about it.

Note: Regardless of the case, we charge a 7% liquidation fee for the liquidation amount.

Case 1: you don’t make your regular scheduled repayment

In your Repayment Schedule, you see the date when you should make a repayment. If you don’t do it during the whole day, at sharply 0:00, the system will try to make an automatic payment and liquidate a part of the collateral in case of failure.

Case 2: you don’t make your final loan payment

In your Repayment Schedule, you see the date when you should make a final repayment. If you don’t do it, at sharply 0:00, the system will try to make an automatic payment and liquidate a part of the collateral in case of failure.

Case 3: margin call

As the crypto market is highly volatile and unpredictable, we can’t tell you how much time you have before we liquidate your collateral. The process can take minutes or hours, depending on the market situation.

You should know your loan’s liquidation threshold: find the exact rate by choosing the desired loan in the Loans tab and check your loan overview.

Liquidation threshold — Web platform

We kindly recommend you follow market trends and be ready to take additional measures regarding your collateral.

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