LiquiDeFi
Democratizing DeFi Liquidations.
LiquiDefi is an unaudited project for ETHglobal Hackmoney.
This product aims to pool users Dai in order the provide funds to our liquidation bot to carry out liquidations on mainnet. To start our bot will only be running against the aave platform.
Users depositing Dai are minted sharkDai. By holding sharkDai you are exposed to the profits of the liquidation bot in proportion to your percentage of the pool.
Anyone holding sharkDai can manually call liquidations on any platform using these pooled funds to carry out that function. This is only permissible if the pool will receive more Dai than what was taken out within the same block.
