For example: EOS as collateral
Bid method: bid the staking item EOS on the sale at reduced price by USN;
Bid price: every 60 seconds per round, start from 2% discount, reduce 2% each round, and 10% discount is maximum. (basic price based on the latest price according to the EOS real-time price)
End of bidding:
(1) If the USN obtained from the bid = the total amount of USN generated from the liquidated account, the treasury will be closed normally, the bidding will be stopped, and the remaining staking items will be returned to the liquidated account;
(2) If the USN obtained from the bid ＜ the total amount of USN generated from the account, it means that after all available staking items were bid in the account, we cannot take back the total amount of USN generated from the account , so the treasury cannot be closed normally. The remaining insufficient part will be made up by Defibox to ensure that the treasury can be closed normally.
Note: total amount of available staking items = total amount of staking items of liquidated account - liquidation penalty charged by the system - interest generated during the USN generation.