Strike

Repay part of a borrower's debt and take their collateral at the market's premium. Morpho will refuse the transaction unless the position is genuinely past its limit at the moment it lands — so a strike cannot be sent "just in case".

Position — pick one from the board — Dollars to commit (USDG)

Cover

The same arithmetic, read from the borrower's side. Put in an address to see how far its positions have left to fall, and what it would take to put them back out of reach.

Address

Why this matters to a borrower

A liquidation is not a punishment and not an attack — it is the mechanism that keeps the lenders whole, and it costs the borrower the premium. Interest accrues every second, so a position can cross its limit with the price perfectly still.

Your desk

Dollars ready to strike with, and the shares a strike has left you holding. A seizure is only profit once it is sold: this sells it through Uniswap, split across every pool that lists the stock, in one transaction.

Unwind