great explainer on HF and Liquidations from a rising #LCIMP champion @Opa007i .
how high do you like to keep you health factor?
Ever wondered why liquidation happens? 🤔
It's a major pain point in #DeFi, and honestly, most platforms lack sufficient safeguards.
@liqwidfinance is changing that with their built-in HEALTH FACTOR gauge! 🚨
It helps you monitor your loan's health and avoid liquidation stress.
The HEALTH FACTOR is a risk indicator that shows how close you are to liquidation. The lower it is, the higher the risk.
Before you dive in, check out my previous tweet on how liquidation works on #Liqwid!
Let's get into this properly.
▶️Next is how loans are initiated on #LiqwidFinance.
$LQ #Lq #ADA #Cardano #LCIMP #Edu
1.02K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.