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A liquidation is an event that occurs whenever a borrower on the Strike platform overshoots the collateral factor percentage of a specific market or in total. When this happens, the liquidation command within the corresponding Strike smart contract gets executed automatically.
As a result, the underlying collateral assets are liquidated to fulfill the borrower's obligations. These obligations also include a liquidation clearance fee levied by protocol.
The supply and borrow rates are determined through a yield curve rate mechanism. This makes the process autonomous, without the need for the protocol's users to individually negotiate the rates. In addition, this mechanism follows the conventional macroeconomic model of demand and supply.
Whenever there's a low demand for a specific market, supply and borrowing rates are kept lower and more lucrative for borrowers. On the other hand, whenever there's a high demand for any market, the borrowing and supply rates get automatically adjusted and become higher. The entire process is controlled via a code and is managed through the Strike protocol's governance mechanism.
At OKX TR, we advise you to research any cryptocurrency before investing objectively. Cryptocurrency is deemed a high-risk asset and prone to sharp price movements. Therefore, we ask that you only invest what you are willing to lose.
Furthermore, like all cryptocurrencies, STRK is volatile and carries investment risks. Therefore, before investing, you should do your own research (DYOR) and evaluate your risk appetite before proceeding.
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