How does the Celsius liquidation process work and what are the implications for investors?

1 answers

• Apr 29, 2022 · 3 years ago
  At BYDFi, we understand the importance of a robust liquidation process to protect the interests of both lenders and borrowers. Similar to Celsius, our liquidation process is designed to automatically sell a portion of a borrower's collateral when its value falls below the required threshold. This ensures that lenders are protected from potential losses and helps maintain the stability of our platform. As an investor, it is important to be aware of the implications of liquidations. While we strive to minimize losses, there is still a possibility of experiencing losses in the event of a liquidation. It is crucial to carefully assess the risks involved and make informed decisions when participating in lending or borrowing activities on our platform.
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