Lenen Protocol
  • 🌏Lenen Protocol
    • 🌊Overview
    • πŸ†•Innovation
  • Lenen Basics
    • πŸ”„Interact Process
    • 🌠Tokenomics
    • 🀝DAO
    • πŸ—ΊοΈRoadmap
    • ✨Participants
    • πŸ«‚Partners
  • Core Function
    • β˜€οΈSupply
    • πŸ’±Withdraw or Borrow
    • 🏦Borrow Collateralization
    • πŸ€–Liquidation
  • proper indicator
    • πŸ’°Absorb
    • πŸ’΅Buy Collateral
    • πŸ’²Ask Price
    • πŸ’³Liquidator Points
    • Reserves
      • πŸŽ’Get Reserves
      • 🎯Target Reserves
  • system
    • Account Management
      • πŸ’ΈAllowance
      • πŸ“²Transfer
    • VRC-20 Approve Manager Address
  • Others
    • πŸ’°IDO
    • ❓FAQ
      • Deposites
      • Borrow
      • Liquidation
      • IDO
    • πŸ“–Public Beta Guidline
    • πŸ”Security
    • πŸ‘€Bug Bounty
    • 😊Contact Us
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  1. proper indicator

Buy Collateral

This function allows any account to use the base token to buy collateral from the protocol at a price below the feed price. A minimum collateral amount should be specified to indicate the maximum slippage acceptable to the buyer.

This function can also be used after the account is liquidated and there is collateral available for purchase. Doing so increases the protocol reserve. The amount of available collateral can be found by calling the Collateral Balance function. The price of collateral can be determined using the quoteCollateral function.

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Last updated 2 years ago

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