> ## Documentation Index > Fetch the complete documentation index at: https://docs.mystockline.xyz/llms.txt > Use this file to discover all available pages before exploring further. # Liquidations > The auction, partial closes, and the allowlist. If health is below 1, keepers repay USDG and receive stock at a rising discount. Call `Stockline.liquidate`. The core gates regime and pause, then `LiquidationModule` sizes the seize. Discount starts at zero and rises to the book cap over the auction window, then stays at the cap. Discount starts at zero and rises to the book cap over the auction window, then stays at the cap. Many crypto lending markets use a fixed bonus and a permissionless race. Stock tokens have thin onchain exit. Stockline ramps a Dutch auction, seizes the minimum, and stores an allowlist flag. The module does not enforce that flag today. `Stockline.liquidate` accrues the account, requires LIVE or DARK, requires not paused, and reverts `NotLiquidatable` if healthy. The first unhealthy block stores `liquidatableSince`. `discountOf` is a linear ramp from 0 to `maxLiqDiscount(book)` over `auctionWindow` ([2 hours](/resources/parameters)). ARCHITECTURE.md says from near zero. The code starts at exactly zero until one second has elapsed. Tier caps: A [5%](/resources/parameters), B [6%](/resources/parameters), C [8%](/resources/parameters). A partial close sells only enough stock to put health back on the target line, unless dust remains. A partial close sells only enough stock to put health back on the target line, unless dust remains. Default path seizes the minimum USDG repay that restores `targetHealth` (1e18). If leftover debt is under `dustDebt` ([10 USDG](/resources/parameters)), the module closes the book in full. `protocolLiqFeeShare` ([10%](/resources/parameters)) of the discount bonus is seized to `FeeCollector`. `RiskRegistry.liquidatorAllowlist` is true at launch. `LiquidationModule.liquidate` does not read that flag. NatSpec: liquidations are permissionless. Shortfall hits remaining collateral proceeds, then the reserve, then a future backstop, then suppliers pro rata. Shortfall hits remaining collateral proceeds, then the reserve, then a future backstop, then suppliers pro rata. Order in ARCHITECTURE.md: liquidation proceeds, Reserve, Backstop, suppliers. Backstop is not deployed. Today the reserve covers what it can, then the pool socializes the rest. Related: [If your stock falls](/using/if-your-stock-falls), [Run a liquidator](/developers/liquidators), [Parameters](/resources/parameters).