Decentralized exchanges (DEXs) on blockchain networks are employing a gradual liquidation mechanism, differing from traditional exchanges where entire positions are liquidated at a specific price point, commonly known as a margin call. In contrast, on-chain DEXs typically liquidate positions in stages. When a liquidation price is reached, approximately 20% of the position is liquidated, and the liquidation price is adjusted downward. If the price does not fall to the new liquidation level, the remaining position remains secure.
For instance, a trader was partially liquidated at $4,177, resulting in a 20% reduction of their position. The new liquidation price was then adjusted to $4,159. As long as the price does not drop below $4,159, the remaining position is protected from further liquidation.
On-Chain DEXs Implement Gradual Liquidation Mechanism
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.