To participate in the liquidation ecosystem, you do not need to own profound technical knowledge. At Xpool, we let you easily join this market with a clean, clear and user-friendly interface.
Here is the step-by-step introduction for Liquidation market function:
Step 1: Access to our official website at https://xpool.app/
Step 2: On menu bar, choose Liquidation Market section
Xpool will show you the statistics and information as below:
- Wallet address of those whose collateral is eligible to liquidate
- Health factor
- Total amount of collateral
- Total amount of borrowing assets
Step 3: Select one of the debts on the market you have afford to repay, then click Detail, the system will let you see the detail of loan liquidated, including:
- Borrowed asset
- Collateral asset
- Bonus you will receive corresponding to amount of repaying
- Total receive
Step 4: Input the amount of borrowed assets that you want to repay (maximum amount you can repay is 50%). The system will automatically calculate the liquidation bonus and the total value you receive that is taken from the collateral available.
Step 5: Click Approve to complete the transaction
Step 6: Click Approve on your Metamask to allow Xpool protocol to access your wallet then click Confirm to finish the liquidation process.