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Maker
$2,466.25 -5.91%
MKR · 2w

Newbie question - liquidations

Hey, sorry for the basic questions but something I can't figure out. Say I take a 2.8k DAI loan, and post 1 ETH collateral, and my initial collateral/ debt ratio is 145%. Then ETH goes down and the collateral is auctioned. What happens if 1 ETH is sold to a liquidator for more than the value of the debt 2.8kDAI + additional fees/amounts that get added to the debt for going into liquidations. For example, if 0.95 ETH could pay if the debt + fees, who gets the 0.05 ETH that is left over ?
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