# Liquidators Leaderboard

**Overview**

This indicator shows the ranking of the top liquidators based on their profits and number of liquidations.

If the value of the collateral provided for a loan drops below the maximum allowed threshold, it is subject to being liquidated by a liquidator. Liquidators receive a "liquidation bonus", or a percentage of the collateral provided, to incentivize them to rebalance the protocol and avoid debts that cannot be repaid.

This indicator is useful, because it gives an idea of the most involved liquidators with the protocol, the dependencies on each and their overall performance.

**How can I use it?**

<figure><img src="/files/hd6pu898dvIWyns2b0aQ" alt=""><figcaption></figcaption></figure>

Liquidators play a critical role in mitigating risk for DeFi lending protocols. Knowing the top liquidators is helpful as they are often more experienced and knowledgeable about the protocol and the risk involved. In addition, having a sizeable crowd of liquidators engaged with the protocol shows a healthy sign, in the case of any risk events the more liquidators aware the better.

Furthermore, for up and coming liquidators observing and imitating better liquidators in the protocol, one can learn from their experience and make use of their insights and strategies. Experienced liquidators often have established techniques that contribute to their success. Imitating these habits can help up and coming liquidators to develop better practices and improve their performance.

<br>

<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://resources.defirisk.intotheblock.com/spark/liquidators-leaderboard.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.