diff --git a/schema.graphql b/schema.graphql
index ee51c0eb..d47d34fc 100644
--- a/schema.graphql
+++ b/schema.graphql
@@ -139,6 +139,11 @@ type Vault @entity {
   wallet: Wallet!
 }
 
+type VaultManagerGovernanceJson @jsonField {
+  liquidationMarginDenominator: BigInt
+  liquidationMarginNumerator: BigInt
+}
+
 type VaultLiquidation @entity {
   id: ID!
   blockHeight: BigInt!
@@ -152,6 +157,7 @@ type VaultLiquidation @entity {
   wallet: Wallet!
   currentState: Vault!
   liquidatingState: VaultLiquidation!
+  vaultManagerGovernance: VaultManagerGovernanceJson
 }
 
 type VaultManagerMetrics @entity {
diff --git a/src/mappings/events/vaults.ts b/src/mappings/events/vaults.ts
index 00535679..922f69a8 100644
--- a/src/mappings/events/vaults.ts
+++ b/src/mappings/events/vaults.ts
@@ -89,6 +89,16 @@ export const vaultsEventKit = (block: any, data: any, module: string, path: stri
       );
     }
 
+    const vaultGovernanceId = id.split('.').slice(0, 4).join('.') + '.governance';
+    const vaultManagerGovernance = await VaultManagerGovernance.get(vaultGovernanceId);
+
+    if (vaultManagerGovernance && payload?.vaultState === 'liquidated' && vault.vaultManagerGovernance === undefined) {
+      vault.vaultManagerGovernance = {
+        liquidationMarginNumerator: vaultManagerGovernance?.liquidationMarginNumerator,
+        liquidationMarginDenominator: vaultManagerGovernance?.liquidationMarginDenominator,
+      };
+    }
+
     vault.coin = payload?.locked?.__brand;
     vault.denom = payload?.locked?.__brand;
     vault.debt = payload?.debtSnapshot?.debt?.__value;