BorrowLiquidation

The liquidation of borrower's positions are achieved in this contract.

Write Functions

liquidateBorrowPosition

function liquidateBorrowPosition(
        address user,
        uint64 index,
        uint64 currentEthPrice,
        IBorrowing.LiquidationType liquidationType,
        uint256 _lastCumulativeRate
) external payable

Param Name	Type	Description
user	address	Address of the borrower.
index	uint64	Index of the borrower's position.
currentEthPrice	uint64	Current ETH price.
liquidationType	LiquidationType	How to liquidate the psoition.
lastCumulativeRate	uint256	Cumulative rate.

Liquidate the the borrower's position, if the current ETH price is below or equal to deposited LTV of deposited ETH price. Here the borrowed amount of USDa is burned, 10% of protected amount is going to ABOND USDa pool if the liquidated collateral is ETH. This function can only be called by borrowing contract.

Here, the CDS users who opted for liquidation gains are liquidators.

liquidationType1

function liquidationType1(
    address user,
    uint64 index,
    uint64 currentEthPrice,
    uint256 lastCumulativeRate
) internal

Param Name	Type	Description
user	address	Address of the borrower.
index	uint64	Index of the borrower's position.
currentEthPrice	uint64	Current ETH price.
lastCumulativeRate	uint256	Cumulative rate.

Here the borrowed amount of USDa is burned, 10% of protected amount is going to ABOND USDa pool if the liquidated collateral is ETH.

liquidationType2

function liquidationType1(
    address user,
    uint64 index,
    uint64 currentEthPrice
) internal

Param Name	Type	Description
user	address	Address of the borrower.
index	uint64	Index of the borrower's position.
currentEthPrice	uint64	Current ETH price.

Here the 50% of the deposited amount is transfer to synthetix for taking short position with 1X leverage.

closeThePositionInSynthetix

function closeThePositionInSynthetix() external

Submit the order to close the above opened short position in synthetix.

executeOrdersInSynthetix

function executeOrdersInSynthetix(
    bytes[] calldata priceUpdateData
) external 

Execute the submitted orders in synthetix.

setTreasury

function setTreasury(address _treasury)

Param Name	Type	Description
_treasury	address	Treasury contract addess.

Sets treasury contract interface.

setAdmin

function setTreasury(address adminAddress)

Param Name	Type	Description
adminAddress	address	Admin's address.

Sets admin's address.