Successful Bids on Kujira

    Determine the total unique users placing bids on Kujira since its inception. Compare bids on bLUNA vs bETH. What portion of these users are seeing their bids filled?

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    As we can see in the chart, we have 19.035k user suggestions which were successful and 440 people failed

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    the total unique users placing bids on Kujira since its inception.

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    How Orca works

    •As the cryptocurrency space grows rapidly, many are using leverage and loaning against their assets to compound their growth.

    •To keep DeFi sustainable, when these loans exceed a certain percentage of their deposited assets, protocols will automatically liquidate these positions and sell them, and those who participate in these liquidations are rewarded with a liquidation fee.

    •On the Anchor Protocol, this value is set at 60%, and during wicks down on price, under-collateralized borrowers can get liquidated, and the associated liquidation fee means that their assets are sold at a discount to market rates.

    •On many markets, this process often operates on a “first-come-first-serve” basis, usually by bots with deep liquidity.

    •However, Orca allows everyday users to participate in liquidations as well, by selling these liquidated assets from the lowest to highest discount, evenly between everyone bidding at the same discounted rate.

    Basically, what this means is that:

    1- Bots cannot jump in front of everyday users in liquidations

    2- You can participate in liquidations, even without a large amount of capital

    3- Those liquidated can potentially pay a lower “liquidation fee”

    Overall, this results in a win-win-slightly win situation for all, even those getting liquidated. For those looking to get their $LUNA or $ETH at a discount to market rates, Orca may just be the protocol for you.