Solvency Checks
Last updated
Last updated
Protects loan repayments
Solvency checks, like , prevent from becoming insolvent. True are boom or bust, and any adverse market event can get Degens liquidated.
Where liquidation bots are on duty 24/7 and come in for the rescue, the Solvency Check protects the Degenerate from themselves.
Whenever a Degenerate wants to perform a transaction that would push their Degen Account into insolvency, the Solvency Check verifies it - and reverts it when needed. This can occur with any transaction that would lead to the Degen Account getting liquidated.
You're welcome, Degenerate.