Trusset Protocol - Infrastructure for Asset Tokenization

GET

lending-external-securities

api

liquidations

{marketId}

auctions

curl "https://api.trusset.org/lending-external-securities/api/liquidations/{marketId}/auctions" \
  -H "X-API-Key: trusset_your_key_here"

{
  "success": true,
  "data": {
    "auctions": [
      {
        "auctionId": "3",
        "loanId": "7",
        "borrower": "0xabc...def",
        "collateralRemaining": "220.000000000000000000",
        "debtRemaining": "21159.200000",
        "currentPrice": "118.420000",
        "endTime": 1718449200,
        "active": true
      }
    ]
  }
}

Returns every auction in the market that is still open, with its live declining price. Auctions exist only in markets where useDutchAuction is enabled.

Path Parameters

string

required

Market ID.

Response Fields

object

Show child attributes

array

Show child attributes

string

Auction ID. Pass this to Bid on Auction.

string

Loan being liquidated.

string

Borrower whose collateral is on sale.

string

Collateral still available, in collateral token units. Decreases as bids fill.

string

Debt still to be covered, in borrow asset units.

string

Live price per whole collateral unit, in borrow asset units. Recomputed on every read.

integer

Unix seconds when the auction closes.

boolean

Always true in this list.

How the Price Moves

The price decays linearly from auctionStartPremium to auctionMinPremium, both basis point multipliers on the oracle price, across auctionDuration. A market configured at 13000 and 9500 opens at 1.3 times oracle price and reaches 0.95 times at expiry. Bidders wait for the price to reach their reserve. currentPrice reflects the moment of the request. Quote it fresh, since the amount a bid costs changes between reading and submitting.

An empty array is also returned when the chain read fails. If a market has known auctions and this returns nothing, confirm reachability through Get Market Metrics and its activeAuctions counter.

curl "https://api.trusset.org/lending-external-securities/api/liquidations/{marketId}/auctions" \
  -H "X-API-Key: trusset_your_key_here"

{
  "success": true,
  "data": {
    "auctions": [
      {
        "auctionId": "3",
        "loanId": "7",
        "borrower": "0xabc...def",
        "collateralRemaining": "220.000000000000000000",
        "debtRemaining": "21159.200000",
        "currentPrice": "118.420000",
        "endTime": 1718449200,
        "active": true
      }
    ]
  }
}

Handle Liquidation Timeout

Get Auction

curl "https://api.trusset.org/lending-external-securities/api/liquidations/{marketId}/auctions" \
  -H "X-API-Key: trusset_your_key_here"

{
  "success": true,
  "data": {
    "auctions": [
      {
        "auctionId": "3",
        "loanId": "7",
        "borrower": "0xabc...def",
        "collateralRemaining": "220.000000000000000000",
        "debtRemaining": "21159.200000",
        "currentPrice": "118.420000",
        "endTime": 1718449200,
        "active": true
      }
    ]
  }
}

Overview

MiCA Register

Customers

Stock Tokenization

Trading

Stock Lending

External Securities Lending

List Active Auctions

Path Parameters

Response Fields

How the Price Moves

​Path Parameters

​Response Fields

​How the Price Moves

Path Parameters

Response Fields

How the Price Moves