Overview
Foundational knowledge — DeFi lending, liquidation mechanics, MEV gas wars, and academic literature
Welcome to the Getting Started section of Reforge. This section establishes the economic and technical foundations behind decentralized lending, demonstrates why conventional first-come liquidations fail under MEV competition, and outlines Reforge's batch auction solution.
The Learning Journey
Core Topics in this Section
DeFi Fundamentals
Understand collateral deposits, borrowing, overcollateralization safety buffers, and liquidation bonuses.
The Problem: MEV & PGAs
How the race to liquidate first causes Priority Gas Auctions, extreme gas waste, and excessive borrower losses.
Literature Review
Deep-dive into 12+ seminal academic papers across DeFi liquidations, MEV, PBS, and consensus order-fairness.
Our Solution
Explore how Reforge replaces PGAs with a discrete Batch Auction scored by Net Economic Value.