Protocol terms

Amount to liquidate

$\footnotesize (Debt \ balance-Collateral \ balance \times 0.\overline{6}) \div (1-(1+Liquidation \ penalty_i) \times 0.\overline{6})$

$\footnotesize Liquidation \ penalty_{Liquidate}=0.2$

$\footnotesize Liquidation \ penalty_{Self-liquidate}=0.1$

C-ratio

$\footnotesize 120\% \le 150\% \le Collateral \ balance \div Debt \ balance \times 100 \le 200\% \le 400\%$

$\footnotesize 120\%=Liquidation \ ratio$

$\footnotesize 150\%=Minimum \ c-ratio$

$\footnotesize 200\%=Recommended \ c-ratio$

$\footnotesize 400\%=Maximum \ c-ratio$

Collateral balance

$\footnotesize \displaystyle\sum{Add \ collateral_{ij} \times Price_i}+Escrowed \ liquidation \ rewards+Total \ liquidation \ rewards$

$\footnotesize i=eETH, rsETH, stETH,\dots$

$\footnotesize j=Arbitrum \ Sepolia, Avalanche \ Fuji, BNB \ Testnet, \dots$

Debt balance

$\footnotesize \displaystyle\sum{Mint_{ij} \times Price_i}$

$\footnotesize i=syAAPL, syAVAX, syBNB,\dots$

$\footnotesize j=Arbitrum \ Sepolia, Avalanche \ Fuji, BNB \ Testnet, \dots$

Debt percentage

$\footnotesize SYNTHR \ debt \ shares \div SYNTHR \ debt \ shares_{Total}$

Escrow liquidation rewards

You need to escrow your total liquidation rewards for 30 days to withdraw.

Free collateral balance

$\footnotesize Collateral \ balance -Debt \ balance \times Minimum \ c-ratio$

Flag for liquidation

Flag undercollateralized users to earn $10 worth of SYNTH; not applicable for self-liquidations. You can liquidate these users after 8 hours.

Liquidate

Liquidate undercollateralized users to earn $10 worth of SYNTH; not applicable for self-liquidations.

Liquidation collateral balance

$\footnotesize Amount \ to \ liquidate \to Collateral_{ij} \times Price_i$

$\footnotesize i=eETH, rsETH, stETH,\dots$

$\footnotesize j=Arbitrum \ Sepolia, Avalanche \ Fuji, BNB \ Testnet, \dots$

Total liquidation rewards

Liquidate users to earn SYNTH proportional to your SYNTHR debt shares.

Withdrawable collateral balance

$\footnotesize Free \ collateral \ balance \to Collateral_{ij} \times Price_i$

$\footnotesize i=eETH, rsETH, stETH,\dots$

$\footnotesize j=Arbitrum \ Sepolia, Avalanche \ Fuji, BNB \ Testnet, \dots$

Withdraw liquidation rewards

Complete the 30-day vesting period to withdraw your escrowed liquidation rewards.