Auctions
Unhealthy positions are Dutch-auctioned as a single lot: price decays linearly from 100% of NAV to a floor of 65% over 6 hours. Winner pays USDC, debt is repaid, surplus returns to the borrower, bonds transfer to the winner.
AUCTION #7 LIVE · DECAYING
BORROWER
0xE39c…7A10
LOT
64 bonds
NAV $6,618.88
CURRENT PRICE
$5,645.90
85.3% of NAV
OUTSTANDING DEBT
$2,290.40
PRICE DECAY — 100% → 65% OF NAV OVER 6H
$6,619$4,302
0hnow · 2.5h · $5,645.906h
Price falls linearly until someone bids. Unfilled auctions fall back to DexFi manual redemption (workout queue).