Good day!
I have a proposal related to the operation of the liquidation mechanism.
The ability to conduct liquidations for community members is a unique and outstanding step. This is a big difference from other platforms.
However, I found that a large number of liquidations are not carried out by community members, but by the operation of smart contracts.
For example:
TVVN69b9KFK8FWByRiuNuVum45oMUKQQoZ
https://tronscan.org/#/contract/TVVN69b9KFK8FWByRiuNuVum45oMUKQQoZ/transfers - here you can see that this smart contract liquidates assets many times a day.
Moreover, my observations show that liquidations happen even before they are displayed on the page https://app.justlend.org/liquidate.
It looks like this: the risk is 99.99%, and then the position just disappears.
The smart contract manages to not only liquidate the position in a second, but also preliminarily make an exchange from USDT to the required token.
The smart contract does not liquidate positions only if it does not have enough resources to do so. The vast majority of positions are liquidated by it.
I think this is destructive for the development of the community. It contradicts the spirit of equality and gives an advantage to one of the parties. It also limits the influx of new users for staking, lending, and liquidations.
Such loopholes make Justlend just a clone of Compound or Venus, where liquidations cannot be performed by users.
In my opinion, equality of opportunity should be supported first and foremost. I propose to give the opportunity to liquidate positions only to users without using such automation tools.
What do you think about this?
Thanks and best regards.