#go#devops_workflow#encrypt_secrets#gitops#kubernetes#kubernetes_secrets
Sealed Secrets is a tool for Kubernetes that lets you safely store sensitive information—like passwords or API keys—in your code repository by encrypting them so only your Kubernetes cluster can decrypt them. You use a tool called `kubeseal` to encrypt secrets on your computer, and then store the encrypted result in your repository. When you apply this encrypted secret to your cluster, a special controller inside Kubernetes decrypts it and creates a regular secret that your apps can use. This means you can manage all your configuration in Git, even secrets, without worrying about exposing sensitive data, and only the cluster itself can access the real secret[2][5][1]. The benefit is that your secrets are protected at every step, and you can use Git workflows for everything, making your setup more secure and easier to manage.
https://github.com/bitnami-labs/sealed-secrets
💥#Example of Full Liquidation on Aqua Protocol
Triggering Liquidation: When the overall liquidation mode is activated.
Initial Setup:
• TON Value: 1 TON = $2.14
• Alice's Deposit: 1,000 TON, valued at about $2,140
• Minted AquaUSD: Alice mints 1,050 AquaUSD
• Initial Collateral Ratio (CR): ~203.81% (calculated as ($2,140 / $1,050) * 100%)
🔻Price Drop:
• New TON Price: Falls to $1.30
• Time Open: Position has been open for one year
• Accrued Borrowing Rate: 0.5% per year
• Borrowing Fee: Alice owes 5.25 AquaUSD for borrowing
Updated Values:
• Updated Collateral Value: 1,000 TON is now worth $1,300 (1,000 * $1.30)
• Updated CR: ~123% (calculated as ($1,300 / (1,050 AquaUSD + 5.25 AquaUSD)) * 100%)
⚖️Liquidation Calculation:
• Since CR < 125%, Alice’s position is eligible for full liquidation, allowing 1,050 AquaUSD to be liquidated.
🔄Liquidation Process:
• Bob's Action: Bob fully liquidates Alice’s position by repaying 1,050 AquaUSD.
• Borrowing Fees: 0.5% of 1,050 AquaUSD equals 4 TON ($5.25), paid to the Aqua Protocol treasury.
• Repayment Fee: Since the amount is over $1,000, a 0.5% fee applies, which is another 4 TON ($5.25), also paid to the treasury.
• Keeper Fee: Cathy, the Keeper, earns a 3% fee, totaling 24 TON ($31.50).
• Liquidator Fee: Bob receives the remaining collateral, totaling 968 TON (1,000 - 4 - 4 - 24), worth $1,258—a profit of 19.8%.
📊Post-Liquidation Status:
• Alice's Remaining Debt: Fully cleared to 0 AquaUSD
• Remaining Collateral: Fully liquidated to 0 TON
As a result, Bob earns a 19.8% premium for successfully executing the liquidation, with 3% of the reward going to the Keeper.
By participating in Aqua Protocol as a liquidator, redemption provider, or Keeper, you can help maintain the stability of AquaUSD and protect the system. Always remember the importance of a healthy collateral ratio to reduce the risk of liquidation and maximize rewards within the protocol!
💡#Example of Partial Liquidation on Aqua Protocol
Initial Setup:
• Value of TON: 1 TON = $2.14
• Alice's Deposit: 1,000 TON, worth about $2,140
• Minted AquaUSD: Alice mints 1,050 AquaUSD
• Initial Collateral Ratio (CR): ~203.81% (calculated as ($2,140 / $1,050) * 100%)
🔻Price Drop:
• New TON Price: The price drops to $1.47
• Time Open: The position has been open for one year
• Accrued Borrowing Rate: 0.5% per year
• Borrowing Fee: Alice owes 5.25 AquaUSD for borrowing
Updated Values:
• New Collateral Value: 1,000 TON is now worth $1,470 (1,000 * $1.47)
• Updated CR: ~139% (calculated as ($1,470 / (1,050 AquaUSD + 5.25 AquaUSD)) * 100%)
⚖️Liquidation Calculation:
• Maximum Liquidation Amount: The system allows up to $645 of Alice’s AquaUSD to be liquidated to maintain a safe collateral ratio.
🔄Liquidation Process:
• Bob's Action: Bob repays 645 AquaUSD to partially liquidate Alice’s position.
• Collateral Received by Bob: He gets $703 back, equivalent to about 478 TON (645 AquaUSD * 1.09).
• Keeper’s Reward (Cathy): Cathy earns $19.35 for assisting with the liquidation (3% of 645 AquaUSD).
📊Post-Liquidation Status:
• Alice's Remaining Debt: After the liquidation, Alice owes 405 AquaUSD (1,050 - 645).
• Repayment Fee: Alice pays a 0.5% fee on the 645 AquaUSD, totaling 3.26 AquaUSD.
• Total Fees Charged: Including borrowing fees, Alice pays back a total of approximately 5.8 TON.
• Remaining Collateral: Alice has 503.2 TON left after the liquidation (1,000 - 5.8 - 478 - 13 TON).
• Updated CR: Her new collateral ratio is about 183% (calculated as ($740 / 405 AquaUSD) * 100%).
This example illustrates the Aqua Protocol’s partial liquidation process, helping maintain a safe collateral ratio during market fluctuations. Keeping a healthy CR minimizes liquidation risks and maximizes your collateral protection.
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