Introduction - Stability - Core - CLI - Query API
Liquidate a vunerable CDP (zeros art
, decreases ink
).
Unsafe CDPs need to be liquidated. When a cup
is not safe
, anyone can
perform bite(cup)
, which takes on all CDP debt and confiscates sufficient
collateral to cover this, plus a buffer.
This returns the CDP to a safe state (possibly with zero collateral).
There are other possible implementations of bite
, e.g. only taking
sufficient collateral to just transition the CDP to safe, but the
described implementation is chosen for simplicity.
$ dai --cup=<id> bite
$ seth send "1383193339611678105810169541746055541819509028773" "bite(bytes32)" "<cup-id>"
bite(self, cup_id: int) -> Transact: