Step‑by‑Step Bidding Tutorial: How to Buy Liquidated Collateral

Step	What to Do	Why It Matters	On‑Screen Cues
1. Open “Liquidation Markets.”	Click “Liquidation Markets” in the navigation (under Advanced Asset Management). The page shows: total value of auctions, recent liquidations and your open bids.	Central dashboard for all liquidation opportunities.	• Summary widgets • “Markets” table • “My bids” section
2. Explore available markets.	Each row lists Collateral Asset, Borrow Currency, current Pool Discount (average filled), Max Discountqueue, and Pool Depth. Use the search bar or Filter by collateral to narrow choices.	Helps you compare expected discounts and liquidity.	• Collateral logo + ticker • Live discount %
3. Pick an asset to bid on.	Press “Place bid” next to the market you want. You are taken to that market’s detail page.	Moves you into the bidding modal with deeper stats.	• Market header shows collateral / borrow pair • Graphs: pool size, recent fills
4. Configure your bid.	1. Enter Discount (%) – e.g., 15 % below oracle price.2. Specify Bid Size in $USTC (quick buttons 25/50/75/100 %).3. Review projected Effective Price, estimated Fill Probability, and updated Health Factorimpact on the pool.	Sets the maximum price you are willing to pay and locks funds.	• Real‑time price calc • Slider turns red if discount too low
5. Confirm & stake funds.	Click “Place my bid.” Approve the wallet transaction. Juris escrows your $USTC; it will only be spent if the bid is filled.	Ensures bids are pre‑funded and liquidation process remains trustless.	• Wallet pop‑up • Success toast “Bid placed”
6. Monitor & manage bids.	Return to “My bids” anytime to: Edit bid, Cancel bid, or view Filled / Pending status. Filled bids show acquired collateral and realised discount.	Active management lets you re‑price quickly as market utilisation shifts.	• Status chips (Filled / Partial / Pending) • “Edit bid” button

Pro Tips & Best Practices

Start conservative – Bids between 8–15 % discount tend to fill fastest while still offering attractive upside.

Diversify bids – Spread smaller bids across several assets or discount tiers to increase hit‑rate and manage risk.

Watch pool utilisation – Rapid increases often indicate imminent liquidations; tighten your discount to stay ahead.

Factor in slippage – Collateral is transferred at oracle price minus your chosen discount; subsequent market moves can widen or shrink effective gain.

Use analytics widgets – The Times Emptied and Pool Value charts signal how frequently collateral gets cleared, guiding your sizing.

Mind gas & fees – Each bid placement, edit, or cancellation incurs Terra Classic gas (paid in $LUNC). Keep a small reserve.