> ## Documentation Index
> Fetch the complete documentation index at: https://docs.solana.vanna.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Liquidation Bots

> Watch HF, repay debt, seize collateral. Permissionless.

Loop:

1. Enumerate margin PDAs (index events, or known testers on the demo).
2. Accrue each reserve (`public_refresh_reserve`).
3. Price every mint with a fresh Pyth update.
4. Include Lite receipts at Kamino exchange rate.
5. If `HF ≤ 1.1`, call `public_liquidate` with a conservative `min_collateral_out`.

Profit is the liquidation bonus minus swap/gas. On a fork, prioritize correctness of the remaining-accounts set over latency.

A healthy account must fail. If your bot can liquidate HF 2.0, stop — the account list is wrong.