Skip to main content

Programmatically liquidate positions

info

We have developed an open-source liquidation bot in collaboration with the Pragma team. You can find more information on the bot here.

Liquidate Position​

To liquidate an insolvent position in a specific Vesu pool, use the liquidate_position function:

/// Liquidates a position
/// # Arguments
/// * `params` - see LiquidatePositionParams
/// # Returns
/// * `response` - see UpdatePositionResponse
fn liquidate_position(ref self: ContractState, params: LiquidatePositionParams) -> UpdatePositionResponse

Provide the following information with the LiquidatePositionParams argument:

  • collateral_asset: The address of the position's collateral asset
  • debt_asset: The address of the position's debt asset
  • user: The address of the user who's position is to be liquidated
  • min_collateral_to_receive: The minimal amount of collateral, in Assets denomination, you want to receive in exchange for repaying debt_to_repay.
  • debt_to_repay: The amount of debt, in Assets denomination, you want to repay (is capped at the position's outstanding debt).