Liquidation bot
Learn how to cover the debt of under-collateralised positions and earn up to a 10% profit.
Set up a liquidation bot to earn even more from Balanced. There are 2 ways to profit from liquidation events:
- Trigger a liquidation by calling the
liquidate
method. You’ll earn 0.67% of the borrower’s collateral. - Pay off bad debt by calling the
returnAsset
method and setrepay
toFALSE
. You’ll purchase collateral at up to a 10% discount from market price.
You can set up your own bot by looking at the smart contract code.