Permissionless recovery

Liquidations

Target-health recovery for Bitcoin financing. Market liquidation starts below Health Factor 1.00; repayment default remains a separate seven-day process.

Eligible positions

—

Dynamic bonus

3–7%

Proposed · collateral incentive only

Target Health Factor

1.10

Critical at ≤ 0.95

Grace period

7 days

Live liquidation is blocked

LYRO contracts are not deployed and required oracle and trading routes are not yet verified. No transaction will be sent. Values below are calculated from the protocol's configured parameters.

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Reading confirmed positions…

Borrower surplus protected. Partial recovery repays accrued interest first, then principal, and preserves original maturity. Final recovery pays lender claims first, applies funded Security Pool coverage to eligible shortfalls and recognizes remaining losses. Execution costs are capped; no automatic equity forfeiture or duplicate bonus. Flash-assisted execution is blocked without a verified provider.