LiquidaTHor for JustLend

You can participate in DEFI liquidation. And you need for this just browser all LiquidaTHor will do others stuffs.

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Inspiration

DEFI is one of the main driver for crypto. And we should provide all services to make it work wright.

What it does

Allows you to liquidate borrows placed on JustLend that should be liquidated.

How we built it

A lot of research:

  • How does DEFI work.
  • How to find liquidation.

Challenges we ran into

The main problem was to find liquidation, this should be fast and accurate. I spent a lot of time trying to understand why I can not liquidate this loan.

What we learned

I found TRON is a very good crypto. Specially I liked free transactions(if you have enough energy and bandwidth). I learn a lot of DEFI, TRON, how to build DApp on TRON.

What's next for LiquidaTHor

It depends. I can share with potential new features.

  • We can help borrower, and they can subscribe to telegram channel or email. They will get notification once his loan will be liquidated.
  • Create new token and allows other to invest some money(buy it or mint that). Holders of that token will get rewards from liquidations.
  • Provide some paid api for people who wants to get liquidations opportunities first.
  • Add another platforms for liquidation and other networks

How to earn some money from liquidations. You need either find a good liquidation and have required amount of tokens in your wallet, or have energy on your account that you can use for free transaction. In both cases your income will be around 7%. Let’s say you find liquidation 100 USDT to jUSDC(JustLend token when you collateral USDC). You will get 107 jUSDC after running liquidation. if you find 1000 USDT - you get 1070 USDC or equivalent in other token. To find that you need to visit site often. Bigger chances will be when market moves fast. Right now you can see up to 40$ liquidation and you will get around 43$. This transaction can take up to 100TRX for fee (please use energy to run it), and depends on different factors: how many different tokens are supplied and borrowed. After running liquidation you need to go to https://justlend.org/ and you can see your tokens. You can redeem them if needed and repeat liquidation.

Most profitable this is exchange between same tokens: TRX → jTRX, USDT → jUSDT, USDC → jUSDC etc or exchange between stable coins.

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