Liquidation bot

Learn how to cover the debt of under-collateralized 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:

  1. Trigger a liquidation by calling the liquidate method. You'll earn 0.67% of the borrower's collateral.

  2. Pay off bad debt by calling the returnAsset method and set repay to FALSE. 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.