the process

high level overview of vault liquidation processes.
  1. 1.
    when a vault falls below it's c-Ratio liquidation trigger, liquidation begins.
  2. 2.
    sufficient vault collateral is sold (largest position to smallest holdings) to repay enough fxToken debt and return the c-Ratio to its required minimum plus a 10% buffer.
  3. 3.
    a liquidation fee charged is to the vault being liquidated. this fee is disbursed to protocol and the relevant fxKeeper pool that funded the liquidation. *any accrued $FOREX rewards for that vault are forfeited; transferred to the fxKeeper pool and protocol.