What happen to residual balance after liquidation?

[GotLiquidated]

So ICX hit my liquidation price. Based on my calcuation, I should get some residual amount back based on my collateral amount which is greater than the loan.

Can someone explain what happen to my account?

[benny_options]

Liquidation Mechanism

Currently, as you mentioned, all collateral is swept to the Emergency Reserve Fund. Imo, that is too aggressive primarily because of the liquidation ratio of 67% LTV. From a development standpoint, it would be easier to raise liquidation LTV to 90%, for example, rather than change the liquidation mechanism. This way the implied fee is 10%, similar to other networks I believe. As for next steps, all funds that were lost during the liquidation process are currently held on a Balanced smart contr…