> For the complete documentation index, see [llms.txt](https://docs.lexer.markets/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lexer.markets/innovations-and-mechanism/liquidation.md).

# Liquidation

Lexer implements an execution bot that focuses on executing all limit orders and liquidations.

This bot monitors the system and executes these limit orders and liquidations as soon as the price hits it target.

All limit orders have an extra 0.02% fee so that they will be executed exactly where they are set, no matter the execution speed or market volatility. All extra fees will be rewarded to the executor to incentivize them to act as quickly as possible.

There are 3 bots currently run by the Lexer team and eventually we are planning to allow non-team bots through whitelisting in hopes to further decentralize the protocol.


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