Collateral liquidation and auction
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• Basic concepts and calculation methods of liquidation:
•BakerDAO adopts the same mechanism as MakerDAO in clearing. When the value of the user's Treasury collateral is less than the minimum mortgage rate, anyone can trigger the clearing operation to clear the user's insufficient assets for profit. At the same time, the mortgage rate of the whole system can be stable above the minimum requirement, and the value of BAI can be stable at $1.
• Liquidation classification and auction reference documents:
• Our clearing robot（Auction Keeper）:
• Technical details of clearing robot:
• The guide of collateral liquidation and auction：