LIQ Protocol

A decentralized on-chain liquidation engine powering Serum markets & lending platforms on the Solana network

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Powered by Serum

Powered by Solana

Solana is a high-performance and permissionless blockchain that is part of the next generation of cryptocurrency technology. Solana works via Proof of History (PoH), PoH operates through sequential functions. Solana is able to currently handle over 50,000 transactions per second with near-zero latency, and has a theoretical maximum of over 700,000 transactions per second

Serum Ecosystem

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless. LIQ Protocol strengthens the Serum Ecosystem and keeps margin platforms built on Serum healthy by processing liquidation events and keeping accounts balanced

Liquidation Engine

The liquidator is a program that initiates the liquidation process. The liquidator checks for overexposed accounts, prepares those accounts for liquidation, then provides funds to the liquidated accounts liabilities, and in return receives funds from the liquidated account’s collateral. The liquidators profits are split between going back to the liquidators fund and buying back LIQ for staking rewards

What is LIQ?

LIQ Protocol is an on-chain liquidation protocol built for Serum DEX margin markets and lending platforms on the Solana network. The protocol provides liquidity through its engines to manage liquidations fulltime for Solana based margin / borrowing projects, which allows projects to have a solidified backend for dealing with settlement liquidity.

The liquidator checks for overexposed accounts, prepares those accounts for liquidation, then provides funds to the liquidated accounts liabilities, and in return receives funds from the liquidated account’s collateral.

The liquidators profits are split between going back to the liquidators insurance fund and buying back LIQ for staking rewards.

LIQ ProtocolFollow

Drift Protocol (👾Hiring,👾Hiring)@DriftProtocol·

7h

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Spin @spin_fi·

18h

1/ Are you ready to explore the updates and news from decentralized derivatives trading protocols? Let’s get started!

Today we're featuring @mangomarkets, @ProjectSerum, @dydxprotocol, @opyn_, and @perpprotocol 🔥 https://spin-fi.medium.com/the-state-of-decentralized-derivatives-trading-research-06-c0034f58d78a

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