Flux Protocol V2 - Mining Tutorial (HECO)
Flux is a decentralized, secure, non-custodial digital encryption asset mortgage lending protocol. The Flux V1 version is an over-collateralized loan agreement, while Flux V2 is a leveraged loan agreement product evolved from Flux V1. Users can complete a series of DeFi operations such as deposits, borrowing, and leveraged mining in Flux V2. The launch of Flux V2 (the first Huobi ecological chain Heco) will effectively increase the fund utilization rate of the majority of users and significantly increase the mining revenue of users.
When the user does not allocate funds, there is no leverage, that is, liquidation will not be triggered; if the user allocates funds, the debt ratio is higher than the liquidation threshold (debt ratio=debt/position value*100% (principal + borrowing)), then liquidation will be triggered.