1/ đŠLiquidation Mechanism
@UniLend Finance team has created a new concept of Concentrated Liquidations, where a liquidator can potentially liquidate multiple eligible loans within the same transaction rather than doing it on an address-to-address basis.âš
Read moreâĄïžhttps://twitter.com/kryptic_kid_sid/status/1792229419295367440?t=K1RJVv6r2lie1SOrn2LXKg&s=19
2/ The fundamental idea behind the liquidation remains the same with one added functionality:
â A bot that is monitoring pending transactions on-chain, finding loans eligible for liquidation
âA DEX that can be used to sell off the liquidated collateral to gain instant profits
â A smart contract that allows the liquidation of all eligible loans and the sale of the collateral in a single transaction
3/ Liquidators have the freedom to optimize their strategy by switching between Concentrated liquidation as well as traditional liquidation mechanisms as per requirements.