@dtjdjdfh

To assess a DeFi project’s liquidation design, focus on core parameters first: liquidation threshold (lower thresholds = earlier risk mitigation, e.g., 75% is safer than 85%) and liquidation penalty rate (3-5% is reasonable; excessive rates may trigger cascading liquidations). Check if the mechanism uses over-collateralization (standard for safety) or flash loans—flash loan-based 清算 carries higher smart contract risk, so verify third-party audits. For extreme market resilience, quantify metrics like liquidation throughput (max positions liquidated per block) and historical data (e.g., how it performed during 2022’s LUNA crash). A project with a "liquidation buffer fund" or dynamic threshold adjustments is more stable.

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