How collateral LIQUIDATIONS work?

How collateral LIQUIDATIONS work?

In this video, we explain how collateral liquidations work on the Firefish platform. Learn what triggers a liquidation, how the process ensures loan security, and how over-collateralization protects investors.

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish

Firefish is an open lending marketplace

connecting Bitcoiners, institutions and

investors.

Firefish Europe s.r.o. (ID: 55912974) is authorised as a crypto-asset service provider (CASP) under Regulation (EU) 2023/1114 (MiCA) to provide crypto-asset services referred to in Article 3(1) (16)(a), (c), (d) and (j). This authorisation covers crypto-asset services provided within the Firefish platform offering —operation of the bitcoin collateral escrow environment, liquidation exchange of collateral, and related on-chain transfers. Any other services available through the Firefish platform or Firefish activities connected to the platform operation fall outside the scope of MiCA and are not covered by this authorisation.

©2026 Firefish. All rights reserved.

Founded with

at

Firefish