Vest is the first perp DEX to offer partial liquidations, where a traders position is only liquidated enough to reduce Vest’s risk of insolvency back to normal.

Vest’s approach uses a liquidation solver that contains a robust mathematical model that accurately prices margin requirements and minimizes total liquidation costs for traders. When a traders position drops below the margin requirement, a portion of it is liquidated to bring it back to a healthy level.

Liquidations are currently performed by keeper bots managed by the Vest team. More details on liquidations can be found in the whitepaper.

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