# Understanding Liquidations vs Redemptions vs Repayment

## What happens during a liquidation?

1. Your shuttle will be closed
2. You lose your 20 $USC Liquidation Reserve deposit (this is sent to liquidator)
3. Lose all your collateral (assuming Orby is in [Normal Mode](/overview/recovery-mode.md#what-is-normal-mode))
4. You get to keep your borrowed $USC

<figure><img src="/files/rdcWqCW0dHp3KQ1XHMJv" alt=""><figcaption><p><em>The images and data shown are for illustration purposes only</em></p></figcaption></figure>

## What happens during a redemption?

#### If your shuttle was fully redeemed against:

1. Your shuttle will be closed
2. You are not required to pay the 20 $USC Liquidation Reserve deposit (this will be burnt)
3. You lose some of your collateral (redemption rate = 1 USC for $1 worth of collateral)
4. You get to keep your borrowed $USC

<figure><img src="/files/OFHCJN1mUnxtXmZDArFw" alt=""><figcaption><p><em>The images and data shown are for illustration purposes only</em></p></figcaption></figure>

#### If your shuttle was partially redeemed against:

1. Your shuttle will remain open/active and functions as per normal
2. You lose some of your collateral (redemption rate = 1 USC for $1 worth of collateral)
3. Some of your $USC debt would have been repaid by redeemer (amount determined by redemption rate)
4. You get to keep your borrowed $USC

## What happens during a repayment?

#### If you fully repaid your $USC debt:

1. Repay required borrowed $USC + borrowing fee
2. Your shuttle will be closed
3. You are not required to pay the 20 $USC Liquidation Reserve deposit (this will be burnt)
4. You can withdraw all your deposited collateral

#### If you partially repaid your $USC debt:

1. Repay required borrowed $USC
2. Your shuttle will remain open/active and functions as per normal
3. You can withdraw some of your deposited collateral (up to the minimum collateral ratio)


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