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LIQ Protocol

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Powered by Serum

 

About Us

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.

👾 MAKER ORDERS ARE LIVE 👾

This means you can now:
» Get paid to actively provide liquidity on Drift
» Earn market maker exchange spreads
» Receive limited time rebates (!) on your trades ⏰💰

Despite today's hyper volatility, Drift users benefitted from our forgiving liquidation engine. Only 18% of them were full liquidations.

The last 1024 liquidations occurred over 7 hours for 299 users — with over 80% of them being partial liquidations 🤝 https://twitter.com/DriftProtocol/status/1523790476435877890

Drift Protocol@DriftProtocol

Drift’s liquidation engine is optimised for users — this means no wild wicks and stable price action even during this dump, making Drift one of the safest DEX’s to trade on during volatile conditions.

SYN is live 👀👀🌉🌉!!!

SYN-PERP is now available to trade up to 20x Leverage on https://01.xyz/trade/?market=SYN-PERP 🔥

@SynapseProtocol
🤝🤝😎😎

https://01exchange.medium.com/01-exchange-first-dex-to-list-syn-perp-up-to-20x-leverage-de08cbb86834

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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

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