06.09 Zenith Mock Liquidation Event Announcement
Zenith is a decentralized lending protocol built and powered by the Cube Chain. Zenith aims to build a leading Web3 lending platform in the Cube Chain Ecosystem. Zenith provides one-stop, peer-to-peer lending solutions with decentralization and transparency to ensure maximum reliability for users.
To allow users to experience a more realistic lending product and to better secure their position in the future, Zenith will open a Mock Liquidation Event based on Testnet at 6:00(UTC) in Jun. 9th — 12th, 2022. Users who are successfully liquidated will receive rewards.
- 1.Our bot will randomly sell the Testnet Tokens on DEX to reduce the value of the collaterals of Zenith;
- 2.The value of the collaterals would be reduced, triggering a decrease in the user’s Health ratio;
- 3.Liquidation is triggered when the Health ratio hits 1;
- 4.Successful liquidated users would receive rewards.
Please configure your own collaterals and lending ratios, we will randomly choose among the supported collaterals on Zenith to start the event.
Users who could successfully trigger liquidation would be eligible to share the prize pool.
If you find any other problems during the event, welcome to give feedback through our bug report https://forms.gle/o3eWZn7m87a6etWh6 and get additional rewards!
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Zenith Operation Team
2022/06/09
Last modified 9mo ago