Secure Liquidation

Liquidation Mechanism Elephant Guard

Under certain circumstances, there may be a price difference of the tokens in the market. In order to avoid the price error leading to a wrong liquidation to the position, ATE adopts the advanced liquidation mechanism - Elephant Guard to avoid this problem.

Through the liquidation system, when a liquidation alarm occurs, the system will read and compare token prices both in decentralized exchanges and centralized exchanges at the same time. If the difference between the two prices is greater than 5%, it means that there could be an error, and liquidation will not be executed. If the difference is less than 5%, the position will enter Liquidation Pending List, and it will be confirmed again in the second minute. Only double-verified liquidation will be executed.

This ensures the safety of the user's position to the greatest extent, your position will not be liquidated due to instantaneous market volatility or price mistakes. The two price verifications also provide users with a time to increase collateral to cover positions to avoid unnecessary losses.