Commodo

Borrowing/Lending Platform on Comdex

$CMDX

[Comdex - Democratizing Finance @ComdexOfficial]

💻Builders Assemble!

Get ready for the first-ever COMDEX Hackathon powered by @DoraHacks

Starting from June 19 till August 26, 2023

🧵..

[Comdex - Democratizing Finance @ComdexOfficial]

Hey there, Comdex community!

Our revamped website is now Live!🔥
✔️New look
✔️Access to Comdex dApps
✔️Ecosystem Partners Page
✔️Comdex for Devs

And more!

Check it out 👇
https://t.co/sJM4emAyIC

[Comdex - Democratizing Finance @ComdexOfficial]

Comdex Community Dev fund has been in action recently!

Dive into how WhiteWhale is working to enhance interchain liquidity, democratize market-making opportunities, foster an inclusive & efficient financial landscape

Comdex X @WhiteWhaleDefi💪

🔖Read
https://t.co/IuJXDyvUh9

[Comdex - Democratizing Finance @ComdexOfficial]

🔖Read what lies ahead in the Comdex Ecosystem for the year ahead as we share our updated roadmap.

https://t.co/pZd8nLgSLT

[Commodo @Commodo_Finance]

Stay tuned!

🔹Incentives and new cPools listings are right around the corner!

🔹Mint $CMST from @Harbor_Protocol and earn yields on Commodo now!

[Commodo @Commodo_Finance]

Let's take a look again at how you can Lend and Borrow assets on Commodo 🧵

[Commodo @Commodo_Finance]

Step 4: Select the asset from the dropdown and then click on Borrow.

[Harbor Protocol @Harbor_Protocol]

Have you learned about how to mint $CMST and what you can do with it?

Mint CMST and use it wisely on @cSwap_DEX & @Commodo_Finance

Try it yourself: https://t.co/wE0qp3sKJR

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[Commodo @Commodo_Finance]

New cPools of assets to be listed very soon ⏳

▶️Check out the Commodo app today: https://t.co/gTvkaugbYs

▶️For more information on the platform
👇 https://t.co/dVy3NqWQ4Y

▶️Mechanism Docs: https://t.co/AGUT5cZr2T

[Commodo @Commodo_Finance]

In our educative thread series explaining the mechanism and process, let's understand how liquidation is triggered on Commodo.

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[Commodo @Commodo_Finance]

Until the outstanding debt is entirely repaid, the platform keeps on auctioning the asset. It stops once the position reaches its health factor > or = 1.

The remaining portion of the user's collateral remains and can continue to be utilized as collateral on the protocol.