Pooled Liquidations (not live)

Pooled liquidations described...

The GARD Protocol is designed to give all users a fair opportunity to benefit from everything occurring on the platform. The first line of “defense” for liquidations is a staking pool where users will be able to stake their GARD, earn whatever staking rewards are promised to users staking, and buy up any positions that are liquidated immediately.

Assuming that the total value of all GARD in the liquidation pool is worth more than whatever position is being liquidated the GARD will be used to purchase the collateral held in the liquidated CDP at a 7.5% discount. Once purchased, the collateral will be immediately swapped back to GARD and deposited back into the staking pool. These rewards will distributed immediately as a bonus APR and done so evenly based on each users’ stake in the pool. To participate in pooled liquidations see the image below:

If there is not enough GARD in the pool to successfully liquidate a position it will instead be sent to the "Auctions" tab of the protocol and sold via Dutch Auction as described on the next page: