> For the complete documentation index, see [llms.txt](https://docs.primefi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.primefi.xyz/rewards-and-tokens/primefi-reward-system/general-user-rewards/liquidators.md).
# Liquidators
In the same way mentioned previously, any user can obtain the role of liquidator and receive the benefit of liquidating a position that meets the liquidation requirements.
## Rewards for liquidators
Liquidators can be individual users, automated bots, or smart contracts participating in the liquidation process to gain profits by acquiring assets at favorable prices.
Liquidation is a crucial component of lending and borrowing protocols as it contributes to the stability and security of the ecosystem by ensuring that obligations are met, and risks are effectively managed.
PrimeFi rewards liquidators with a fixed 7,5% liquidation bonus for the collateral asset liquidated.
### Examples
Bob lends 10 ETH and borrows USDT equivalent to 5 ETH. If Bob’s Health Factor drops below 1, his loan becomes eligible for liquidation.
A liquidator can repay up to 50% of the borrowed amount (2.5 ETH worth of USDT). In return, the liquidator receives a portion of the collateral in ETH with a 7.5% bonus. Thus, for repaying 2.5 ETH worth of USDT, the liquidator claims 2.6875 ETH (2.5 ETH + 0.1875 ETH bonus) as a reward.
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