The docs say partial liquidations reduce your borrowed amount to just under 80% of your borrow limit (Safe Risk Ratio of 0.8: Loan Liquidation - Anchor Protocol).
With the recent changes in the webapp UI that now show borrow % now instead of LTV, I notice that 75% is called out the “recommended” limit (below which the bar stays green). Will partial liquidations still bring borrowed amount to just under 80% of the borrow limit, or is 0.75 the new safe risk ratio for partial liquidations?
The max borrow usage is now a measure of your LTV, meaning once you hit 100% you start getting liquidated. See below:
So once you hit 94.99% you are risking liquidation because the market can easily move you to max 100% borrow usage or 80% LTV. They are synonymous with bLUNA. It gets a bit complicated if you have both bETH and bLUNA since they are different LTVs, hence the borrow usage, not LTV metric.
Right, I do understand that. My question is, when you hit 100%, how much of your collateral is liquidated? Reading the documentation I linked to, it would appear the answer is, “enough to bring borrow usage down to just under 80%”. I just wondered if the docs were out of date, since 75% is considered the recommended maximum in the UI.
That all depends on how much you have and how much is needed to bring you back within the LTV…its very contextual.
it’s still 80% in the liquidation context:
https://finder.terra.money/columbus-5/address/terra1e25zllgag7j9xsun3me4stnye2pcg66234je3u
for the current config, you click on the “query” button, and type in
{“config”:{}}
Very cool, thank you for teaching me this.
