Liquidation

Liquidation on Ryder

The Ryder protocol has 2 contracts for liquidation on Aave and Compound (including their forks). The liquidation contracts allow users 'self liquidate' by taking a Flashloan of the user's debt, repaying that debt, redeeming the user's collateral, exchanging the collateral for the debt and repaying the flashloan. This process prevents the user from being liquidated by the protocol (for example Aave), saving the user a 10-15% liquidation fee. The Ryder protocol currently charges a fee of 1% for liquidation