When you enter in to the dApp you can’t make any interactions, only view pages untill you connect your wallet.
Liquidation Price or the max TAD$ you can borrow. You can find all the calculations in the FAQ section. After you choose the amount you want to loan, press the Review transaction button. This will take you to the confirmation screen with all the details about the vault you just setup. After you created the vault it will show the vault on the vault page.
100.22, it will either remove the decimals for you and still proceed the transaction but with less i.e.
100, or when using an amount of
100.50it will use 101 instead.
Can be liquidatedand your vault will be send to the auctions page. For the community to bid or instantly close the vault and take the rewards.
Instantly close the vault for borrowed TAD and 103% of the TAD's value in collateral will be given to the user - the remainder will be returned to the original owneror
User starts an auction, and people can bid on the auction after 72 hours the highest bidder can claim their rewards and the users that bid under the highest bidder can unclaim their bid. If there are no further bids during the 7 days, the auction will still remain but the first bidder will receive the claim button after their bid to claim the rewards.When a auction is over (completed) it will be removed from the auctions page.
auctioneveryone can start making bids for this auction. You will see a timer of
7 daysand next to it the
highest bid amount for the vault. After 72 hours the highest bidder can claim their rewards. And the users who participated but were under the highest bid can unclaim their bid. If all the bids are claimed the vault will be removed from the auction page.