Liquidation auctions
Liquidated collateral is sold at a falling price. Buy with USDR the moment the discount is worth it — no bidding, first to buy takes it.
Active auctions
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Collateral for sale
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Price starts near market and falls each block until a keeper buys. You pay USDR and receive collateral below market — the discount is your incentive. The protocol never sells collateral itself; keepers take the price risk.
Live auctions (…)
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