Liquidate a position manually
Last updated
Last updated
If you want to seize an insolvent user's position, follow these steps (on Arbitrum):
1- Go to USDC.e contract page and approve the spender
Connect your wallet to Arbiscan
Enter the Spender address, which is the liquidation contract: 0xEbF50C87a41Cfcc740202464919c1f5988022453
Enter the approval amount: example: 600000000
Write
2- Liquidate the position. You need to have the loan amount in your wallet.
Go to the manual liquidation contract
Connect your wallet
Enter borrower’s address: 0x5dCD4b840CBC72408316E0a43cBB2a6B5812E929
Enter the silo address: 0xc49b9CB9CCe1448e2E5ceF86b844980d74CeFC64
Execute
You will pay the borrower’s debt and take over his entire collateral.
