Before we dive in, here’s a quick intro to liquidations on lending protocols.

Liquidations on a lending protocol happen when a borrower’s collateral value drops too low, causing the protocol to sell the collateral to repay the loan. This ensures that lenders get their money back even if the collateral loses value. Third parties, such as searchers/bots, are incentivized to perform liquidations. Searchers compete with each other and bribe block build