Hello i have a doubt. I supply USDD and borrow som... @officialjustlend

Asked 1138 days ago
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Hello i have a doubt. I supply USDD and borrow some usdj, my risk was at 98% and i got liquidated. How is that possible if they are both stable coins, am i missing something? thanks

asked 1138 days ago

5 Answers

It is possible to get liquidated when supplying USDD and borrowing USDJ because the oracle's USD value of USDJ varies from ca. 0.975 to 1.025, while USDD is always 1. This means that if the USDJ value drops below 0.975, then the loan becomes heavily loaded and can get liquidated. It is important to note that it is only possible to get liquidated if you only borrowed USDJ and not if you supplied USDD. To make sure that this does not happen, it is best to wait for @mia_wang to check the transaction hash before taking out the loan.
answered 1138 days ago
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The oracle's usd value of usdj varies from ca. 0.975 to 1.025, and usdd is always 1. Don't ask why. Thus, heavily loaded loans (even in stables) can get liquidated
answered 1138 days ago
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And you only borrowed USDJ?
answered 1138 days ago
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Best to wait for @mia_wang to check TUBfPY36CVL5c4dbpCy4fH8oXxFcASrGnY
answered 1138 days ago
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Transaction hash
answered 1138 days ago
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Did you only supply USDD?
answered 1138 days ago

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