Terra: Bidding on Liquidations

Liquidation bidding on Terra 2.0.

There are 2 protocols that allow bidding on liquidations, that I know of, @capapult and @CavernProtocol.

Looking at @CavernProtocol first, I see activity on liquidations up to 2023-03-10, but nothing after.

Cavern? What's going on here? 

For @capapult, they don't have recent liquidations statistics. You can bid on $LunaX, $bLUNA (bone Luna), and $ampLUNA, and they show the collateral-amounts for each asset. 

To be able to bid on liquidations on @capapult, you need to have their stable coin, $SOLID.

You can get solid in one of two ways: you can mint it by providing collateral of one of the $LUNA LSD, 

or you can swap for it on, e.g.: @astroport_fi.

I choose the latter. 

Then, choose the collateral-liquidations you want to bid on, and bid away!

Which asset to pick? I go to the dashboard and see which one is in most supply, then I choose a bid range that's (mostly?) empty of other bids. 

We'll see how this plays out in the coming days.

After-thought

Bidding on liquidations on Terra 2.0 is different than @TeamKujira. They may look the same, but the difference is volume.

@CavernProtocol took a step forward, incorporating $ampWHALE.

But there is still silence.

Maybe consider @TheLionDAO $ROAR as collateral?

You may think I'm joking: $ROAR is a meme token.

So is $DOGE, and that is used as collateral by established CEX.

$ROAR has put a fire into Terra. @CavernProtocol, @capapult: light up your throughput by capitalizing on the excitement $ROAR brings to Terra.