Bitty Doc
  • Introduction
    • Why Bitty?
    • Pros for borrowers
      • Borrow money instantly
      • Repay money anytime
      • Interests lower
      • Batch borrows in one transaction
      • Claim airdrops in loans (Ordinals)
      • Proof of Ownership (ordinals)
      • Liquidation-protection (ordinals)
      • Get value from the auctions (ordinals)
    • Pros for lenders
      • Get interests instantly
      • Withdraw money anytime
      • Get protected from defaulting
  • User guides
    • Borrowers
      • Borrow money
      • Repay loan & interests
      • Claim airdrops
      • Proof collateral ownership
      • Redeem when auction started
    • Lenders
      • Deposit money
      • Withdraw money & interests
    • Liquidators
      • Trigger liquidation
      • Offer higher auction bid
      • Get the collateral as auction winer
  • Risk
    • Platform
    • Oracle manipulation
    • Borrower
      • Collaterals liquidation
    • Lender
      • Bank run
    • Liquidator
      • Lost money after the ordinals auction finished
  • FAQ
    • How to implements pool lending without smart contract?
    • Are my assets safe?
    • How liquidation works?
    • What is 72 + 3 blocks ordinals auction?
    • What is potential first bid bonus?
    • What is Health Factor?
    • Interest rate
  • Community Discord
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  1. User guides
  2. Liquidators

Trigger liquidation

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Last updated 2 months ago

  1. To begin, press ‘Connect Wallet’ and select the Bitcoin wallet provider corresponding to the wallet holding the collateralized tokens.

  2. A liquidation auction occurs when someone places a 【First Bid】 on an asset on the 'Collateral Auctions' page.