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)

4. You get to keep your borrowed $USC

The images and data shown are for illustration purposes only

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

The images and data shown are for illustration purposes only

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)