SunPLS — Vault Dashboard

Total Vaults

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Liquidatable

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Redeemable

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Oracle Price

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R Value

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Liquidate

Redeem

All Vaults

Vault Lookup

How Liquidations Work

When a vault's collateral ratio (CR) drops below 110%, it becomes liquidatable. SunPLS has two liquidation paths — whichever is available gets used first.

Pool Liquidate (preferred): If the Stability Pool has SunPLS deposited, you can trigger an instant pool liquidation. The pool absorbs the vault's debt (burns the SunPLS) and receives the PLS collateral as yield for pool depositors. No SunPLS required from you as the caller.

Auction Liquidate (fallback): If the pool is empty or insufficient, you can liquidate via Dutch auction — you provide SunPLS and receive PLS collateral. The auction price improves over time, so waiting longer gives a better rate.

Trigger CR

< 110%

Pool Path

Instant

Auction Path

Dutch Auction

Step by step: Click Scan All Vaults → vaults below 110% CR appear in the table → click Liquidate on your target → choose Pool Liquidate (instant) or Auction Liquidate (provide SunPLS) → confirm.

Ready to scan

Liquidatable

0 found

Vault Owner	CR %	Collateral (PLS)	Debt (SunPLS)	Action
Scan to find liquidatable vaults

How Redemptions Work

SunPLS is a floating peg asset — it has no fixed price target. R (the redemption value) is set by the controller and drifts slowly based on market pressure. When SunPLS trades below R, you can buy it cheaply on the open market and redeem it against under-collateralized vaults to receive PLS at the R rate — profiting from the spread.

When you redeem, you burn SunPLS and receive PLS from a specific vault's collateral at the current R value. A small 0.5% fee from the PLS paid out goes to the vault owner as compensation. This arbitrage loop keeps the market price gravitating toward R over time.

Eligible Vaults

CR < 150%

Price Used

R Value

Fee

0.5% to Owner

The math: Burn 100 SunPLS → receive (100 × R) WPLS minus 0.5% fee. If R = 1.5 WPLS, you get ≈ 149.25 PLS. No slippage, no oracle manipulation, guaranteed at R.

What happens to the redeemed vault? The vault's debt decreases by the SunPLS you burned, and its collateral decreases by the PLS paid out. The vault is trimmed, not liquidated. Vault owners are incentivized to keep CR above 150% to avoid being redeemed against.

Ready to scan

Redeemable (CR <150%)

0 found

Redemption Overview — R value is guaranteed PLS per SunPLS

Redemption R

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Market Price P

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Fee

0.5% to vault owner

Min CR to Redeem

< 150%

Redeeming burns SunPLS & gives you collateral PLS valued at R — no slippage

Vault Owner	CR %	Collateral (PLS)	Debt (SunPLS)	Preview Redeem	Action
Scan to find redeemable vaults

Full protocol overview — every registered vault on-chain Click Scan All to load every vault that has ever interacted with the SunPLS protocol. Use the filter chips to narrow down to Liquidatable (<110% CR), Redeemable (<150% CR), or Safe (≥150% CR) vaults. Sort any column by clicking its header. Use the address search box to find a specific wallet. Each row shows the vault's full position — collateral, debt, CR, and status — with direct action buttons to liquidate or redeem where applicable.

All

Liquidatable

Redeemable

Safe

# Vault	CR %	Collateral (PLS)	Debt (SunPLS)	Mintable	Status	Actions
Scan to load all vaults

Deep-inspect any wallet address Enter any PulseChain wallet address to see the full state of that vault — collateral locked, debt outstanding, current CR, mintable capacity, and whether the vault is liquidatable or redeemable. Action buttons appear directly in the result so you can act immediately. Useful for monitoring specific vaults, tracking your own position from a read-only device, or due-diligence before a large redemption.

Inspect Any Vault