Account Liquidations
Suppose an account's collateralization ratio falls below the liquidation level. In that case, the account owner will have 72 hours to bring the vault back over the liquidation level by adding more collateral or burning TINU. However, after 72 hours, anyone can claim the collateral locked in the contract by burning the required amount of TINU set in the liquidation parameters.
The vault owner will pay a liquidation fee for the risk added to the system.
Last modified 3mo ago