Total Deposited 11.46M USD 3,891.5 wstETH
Total Borrowed 5.12M USD 5,120,000 CHERRY
CHERRY Price 1 USD 0.0004 ETH
wstETH Price 2,948.22 USD 1.1780 ETH
New wstETH Safe
wstETH
CHERRY
Liquidation Price -- CHERRY
Minting Fee (0.5%) -- ETH
wstETH
Current Collateral -- wstETH
Liquidation Price -- CHERRY
wstETH
Available to Withdraw -- wstETH
Liquidation Price -- CHERRY
CHERRY
Current Debt -- CHERRY
Liquidation Price -- CHERRY
Minting Fee (0.5%) -- ETH
CHERRY
Current Debt -- CHERRY
Liquidation Price -- CHERRY
Close & Withdraw All
CHERRY Balance -- CHERRY
Debt to Repay -- CHERRY
Collateral to Return -- wstETH

Liquidations & Redistribution

When a Safe's collateral ratio drops below 125%, anyone can liquidate it. The caller receives 2% of the collateral as compensation. The remaining 98% of collateral and 100% of debt are redistributed proportionally to all active borrowers of the same collateral type, based on their collateral weight.

Net effect on your Safe

Redistributions are applied lazily. Your Safe absorbs its share the next time you interact with it (deposit, withdraw, borrow, repay, or close), or when anyone calls refreshSafe on your behalf. Both your collateral and debt will increase, and your collateral ratio will decrease. If a liquidation happens late, the absorbed debt may exceed the collateral gained. Pending redistributions are always included in CR checks, so your Safe can become liquidatable from accumulated redistribution debt even before refreshing.

wstETH

Wrapped stETH

No Safe open

Collateral Ratio
100300
189
Min Collateral Ratio 125%
Total Collateral Ratio 189%
Borrow Rate 1.8%
Premium 0.9%
Default 1.8%
Low Reserve 2.4%
Recovery 3.6%
Oracles Healthy