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Using Graveyard (Liquidation Bots)
Liquidatable Strike Tokens will be present in the ‘Graveyard’, where liquidators can come in to liquidate and gain 30% of the value of the liquidating token.
To liquidate, the liquidator needs to bring the opposite token. If the liquidatable Strike Token is a long token, then the liquidator needs to bring a short token. The receiving USDC amount including the profits from liquidating will then be shown.
Users holding these ‘dead Strike Tokens’ can then redeem their token’s underlying value on My Page and claim 70% of the actual value back.
  1. 1.
    To liquidate, navigate to the Graveyard page
  2. 2.
    Select tokens from drop-down that you want to liquidate
  3. 3.
    Select the Strike Token list you want to liquidate
  4. 4.
    Prepare the opposite token to pair with the liquidating asset to successfully liquidate.
Step 3
Step 4
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