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    • 🚧Under construction
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      • _calculateDebt
      • validateLiquidationCall
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  1. Functions
  2. liquidate

_calculateDebt

PreviousliquidateNextvalidateLiquidationCall

Last updated 1 year ago

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Overview

Execution flow

_calculateDebt

Calculates the total debt of the user and the actual amount to liquidate depending on the health factor. Returns:

  • userVariableDebt

  • userTotalDebt

  • actualDebtToLiquidate

  • getUserCurrentDebt will return the user's balance of debt tokens (stable & variable)

  • healthFactor was obtained previously through calculateUserAccountData

  • If user's healthFactor > 0.95: liquidation close factor is 0.5 (50%.00)

  • If user's healthFactor <= 0.95: liquidation close factor is 1.0 (100.00%)

The close factor determines the maximum liquidatable debt, per valid liquidationCall().

close factor = 0.5, means only a maximum of 50% of the debt can be liquidated within that liquidationCall.

On Partial and Full liquidation: actualDebtToLiquidate

If the liquidator's debtToCover is > maxLiquidatableDebt, set the actualDebtToLiquidate to be maxLiquidatableDebt.

Else, If the liquidator's debtToCover is <= maxLiquidatableDebt, set the actualDebtToLiquidate to be debtToCover.

Drawing