In the field of decentralized finance (DeFi), one of the core risk control measures of lending protocols is the liquidation mechanism. As a leading lending protocol, Aave ensures the stability and fund security of the platform through an automated and efficient liquidation system. This article will delve into Aave's liquidation mechanism, covering its triggering conditions, process design, roles of participants, and incentive measures. What is Liquidation? Liquidation refers to the process wh...

In the field of decentralized finance (DeFi), one of the core risk control measures of lending protocols is the liquidation mechanism. As a leading lending protocol, Aave ensures the stability and fund security of the platform through an automated and efficient liquidation system. This article will delve into Aave's liquidation mechanism, covering its triggering conditions, process design, roles of participants, and incentive measures. What is Liquidation? Liquidation refers to the process wh...