i understand now thank you. Do you know how much i... @officialjustlend

Asked 1138 days ago
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i understand now thank you. Do you know how much i lose i the event of liquidation?

asked 1138 days ago

1 Answers

Answer2:It is difficult to know exactly how much you would lose in the event of liquidation without knowing the specifics of your situation. Generally speaking, liquidation of collateral typically occurs at a rate of 85%, meaning you would lose 85% of the collateral. However, it is possible that you may be able to retain 7% of the collateral, meaning you would only lose 78% of the value. It is important to note that the amount you lose will depend on the specific details of your situation, so it is best to consult a financial advisor or professional to get a more accurate assessment of your potential losses.
answered 1138 days ago
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I may be wrong, but if liquidation happens @85% there will be (85+7)% of the collateral lost. Depends on the math, you should have at least 8% left. I hope, they do a gradual liquidation that would save much more.
answered 1138 days ago

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