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[On-chain] Vault liquidations #1

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jblewnormal opened this issue Nov 21, 2024 · 0 comments
Open
6 tasks

[On-chain] Vault liquidations #1

jblewnormal opened this issue Nov 21, 2024 · 0 comments
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enhancement New feature or request

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@jblewnormal
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jblewnormal commented Nov 21, 2024

Objective

Add functionality regarding the liquidation of under-collateralized Vaults.

Origin Document

This is needed to ensure synthetic assets always remain at least 1:1 collateralized.

Goals

  • Protect synthetic asset token holders from devaluation
  • Decentralize the Normal Protocol with the inclusion of Keepers to execute liquidations

Deliverables

  • Vault-specific and macro liquidation config properties
  • Enter liquidation (by Keeper)
  • Vault status management/limitation based on if in liquidation or not

Non-goals / Non-deliverables

  • Tests
  • Docs

General deliverables

  • Comments: Add/update TODOs and comments alongside the source code so it is easier to follow.
  • Testing: Add new tests (unit and/or E2E) to the test suite.
  • Documentation: Update architectural or development READMEs; use mermaid diagrams where appropriate.

Creator: [@jblewnormal ]

@jblewnormal jblewnormal self-assigned this Nov 21, 2024
@jblewnormal jblewnormal added the enhancement New feature or request label Nov 21, 2024
@jblewnormal jblewnormal added this to the Normal v1 Launch milestone Nov 21, 2024
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