Understanding Lending Liquidations with Dutch Auctions in Web3: Ethereum Credit Guild

In today's video, we will learn about lending protocols and liquidations using a Dutch auction system.

Thanks to @smartcontractprogrammer for the great explanation!

Watch the full live stream: https://www.youtube.com/watch?v=oYQHCLN64eQ

Become a certified smart contract hacker: https://johnnytime.xyz/smart-contract-hacker

Here's what you'll learn:

• How liquidations in Ethereum Credit Guild employ a unique Dutch auction system.
• How collateral is priced without the use of an Oracle.
• The mechanics of the Dutch auction.
• Why bidders are incentivized to wait and bid later in the auction to get more collateral and pay less debt.

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