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Get more value from your NFT and secure more headroom from unexpected market movements
JPEG'd makes extensive use of boost mechanisms to unlock extra features. These boost mechanisms include:
The Max Boosted LTV is capped at 10% above the Base LTV for each collection, meaning the LTV Boost and Cigarette Boost cannot be combined to go above this threshold. Meanwhile, the Traits Boost for unique NFTs can still be utilized to unlock a higher credit limit/collateral value.
The icons display the boost status of a position at all times.
Boosts are created from the Dashboard/Borrows tab by selecting a position and boosting it.
The Boosts tab shows you all active boosts and lets you either update them or request a boost unlock.
No, the locked $JPEG tokens for the LTV boost will remain locked until the user requests a withdrawal, which can be cancelled any time during the 7-day processing period. This effectively keeps the boost active for any future user opening a position with the same NFT on JPEG'd.
Locked $JPEG tokens always remain in the possession of the original boost owner. In case of a transfer of the NFT, the associated boost remains active for any future owner of the NFT until disabled by the original boost owner.
No, all boosts are perpetual. LTV Boosts and Traits Boost will remain active until users request a withdrawal of their locked $JPEG Tokens and completes the 7-day processing period. Cigarette Boosts will remain active until users unstake the card.
As long as the position's LTV remains below the Base Liquidation Threshold, it will not be liquidated.