| PreLiquidation | Liquidation process initiated based on parameters defined by the borrower. Influences when and how their positions can be liquidated externally. |
| PreLiquidation.sol | Central contract for executing pre-liquidations based on borrower-defined parameters. Main interface for liquidators. |
| PreLiquidationFactory.sol | Simplifies the deployment and indexing of PreLiquidation contracts. Used to create new PreLiquidation contracts. |
| preLiquidationOracle | An address of an oracle compatible with Morpho's IOracle interface. Must implement Morpho's Oracle interface. |
| Morpho Market (id) | Specifies the Morpho Blue market the pre-liquidation parameters apply to. Must be a valid Morpho market ID. |
| Linear Evolution | Both close and incentive factors adjust linearly between preLltv and LLTV. Creates a gradual increase in liquidation parameters. |
| onPreLiquidate Callback | Allows liquidators to be called back after collateral withdrawal but before debt repayment. Potentially eliminates the need for flash loans. |
| Predictable Addresses | PreLiquidation contract addresses are generated using the CREATE2 opcode. Enabled by the PreLiquidationAddressLib. |
| Health-Dependent | When preLIF1 is less than preLIF2 or preLCF1 is less than preLCF2, similar to a Quasi Dutch Auction. Similar to Euler liquidations approach. |
| LLTV | The standard LTV threshold for liquidation in Morpho. preLltv is always less than LLTV. |
