Crash the price. Watch the vaults react.
Lock collateral, borrow, then move the oracle and see exactly when a vault gets liquidated.
$3,200.00
No vault liquidatable yet · 2 at risk
Anatomy of a liquidation
Read the maths- 1
The price falls
6 tETH is suddenly worth $14,400, not $19,200.
- 2
Health drops below 1.00
The collateral no longer covers the debt with its margin.
- 3
A liquidator repays
Anyone can repay up to half of the debt.
- 4
Collateral changes hands
They get that value in collateral, plus a 5% bonus.
Four instruments, one protocol
Risk map
Every vault on one health ruler. See which breaks first.
Open the risk mapPre-trade simulator
Your health factor and liquidation prices, before you sign.
Open a vault- Health factor
- 1.631.22At risk
- tETH liquidation price
- $2,630.52
- Borrow limit used
- 91%
Liquidation desk
Repay an unhealthy vault's debt and collect the bonus.
Go to liquidationsLiquidation receipt0.951.12- Covers the debt repaid
- $6,600.00
- Liquidator bonus
- $660.00
Governance sandbox
Preview a rule change on every vault, then wait out the timelock.
Change a parameter- Propose
- Queued · 48 h timelock
- Execute
- Every vault re-rated
Built for study groups and workshops
Students
Learn liquidations by causing them.
Workshop hosts
Crash tETH together, then reset in one click.
Builders
A reference before writing your own vault contracts.