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Trove loses SOL, decreases debt in ROKS #21

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ctapang opened this issue May 25, 2021 · 0 comments
Open

Trove loses SOL, decreases debt in ROKS #21

ctapang opened this issue May 25, 2021 · 0 comments
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@ctapang
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ctapang commented May 25, 2021

The riskiest troves are redeemed from; however, as opposed to the liquidation case, the borrower in this case does not lose all her SOL. For example, if she has 120% SOL collateral, the most she loses is 100% of the value of her debt, leaving 20% in the worst case scenario. SOL is paid to the redeemer, and the burned stable-token basically pays-off the loan (or at least part of it).

@ctapang ctapang added this to the 5 - Redemption milestone May 25, 2021
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