A step-by-step guide to the Vault Monitoring Tool

<aside> 💡 TLDR: The Cryptex Vault Monitoring Tool allows users to quickly and easily view the health of the protocol and individual vaults, as well as liquidating undercollateralized vaults.

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  1. Head to the Vault Monitoring Tool.

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  2. Here, you can view a list of all TCAP vaults. At the top of the list, you can find a list of vault filters. You can filter by collateral type, status, mode, ratio range, or between all/your vaults. To search for liquidation opportunities, filter by status to "Liquidation.”

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  3. Filter by liquidation to view all available vaults. Select "Liquidate" to start liquidating a vault.

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  4. After clicking, a popup will appear with the amount of TCAP needed to liquidate, the burn fee, and the reward for liquidation. To proceed, select "Min Required" and then "Liquidate Vault" to deposit the TCAP.

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That’s it! You’ve just liquidated a vault.