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Liquidation Incentive

The additional collateral given to liquidators as an incentive to perform liquidation of underwater accounts. For example, if the liquidation incentive is 1.1, liquidators receive an extra 10% of the borrowers collateral for every unit they close.

Unitroller

function liquidationIncentiveMantissa() view returns (uint)
  • RETURN: The liquidationIncentive, scaled by 1e18, is multiplied by the closed borrow amount from the liquidator to determine how much collateral can be seized.

Solidity

Unitroller troll = Unitroller(0xABCD...);
uint closeFactor = troll.liquidationIncentiveMantissa();

Web3 1.0

const troll = Unitroller.at(0xABCD...);
const closeFactor = await troll.methods.liquidationIncentiveMantissa().call();