HOW TO BID ON LIQUIDATIONS on KUJIRA Orca
ORCA is the first product from Kujira, a dApp which make DeFi accessible to everyone
First Step: Swap UST to KUJI on Kujira Blue
Go ahead and navigate to the Kujira blue website at https://blue.kujira.app/ Once you’ve connected your wallet, you should be able to swap UST to KUJI.
Second Step: Stake KUJI
It’s time to stake KUJI! Like we mentioned earlier, staking KUJI comes with some perks including access to Kujira analytics, lower bidding fees and also to be able to receive all fees from bids.
Navigate to the Earn tab and click on Bond. Choose the amount of KUJI you want to stake and hit the Bond button.
Third Step: Deposit UST to bid for a liquidation in ORCA
In Kujira Orca, anyone can deposit UST to bid for bAssets that are close to being liquidated. Go ahead and navigate to the site at https://orca.kujira.app/
On the right, you’ll be able to choose the Collateral Market. For now, you can choose bLUNA or bETH but we’ll stick with bLUNA for this hunt. Premium discount refers to how much of a discount you’ll be willing to pay for the bAssets. You can place any number here but the lower the number, the more likely you’ll be able to fill your bids.
Bid amount is the amount of UST you will be depositing to buy the discounted bAssets.
Once you’ve entered all that information, click on Place My Bid. And that’s it! Once the transaction goes through, you should be able to see your bids at the bottom section under My Bids.