LTV Boosts

Increase Liquidation ratio to 71%
Locking JPEG can boost your position. There are several types of boosts on JPEG'd (see Locking Mechanics). LTV boost allows users to increase the LTV of boosted positions up to by 25%. This raises the maximum borrow available to 60% (70% if coupled with cigarette locking) and liquidation ratio to 71% with a JPEG Card cigarette and 61% without one.
JPEG tokens need to be locked on a per position basis, but the period of the lock is selected by the user. It can be 1 day, 1 month, 6 months, etc. this is all determined by the user.
The maximum boost values apply to Cryptopunks and BAYC, while other collection can reach a maximum LTV of 50% (60% with cigarette locking).

The Cost

In order to unlock the 15% LTV boost the user must lock JPEG tokens. The cost will be 20% of the incremental value of the increased limit in $JPEG tokens.
100 ETH floor collection 35 ETH = max borrow with no JPEG Card 45 ETH = max borrow with staked JPEG Card 60 ETH = max borrow with staked JPEG Card and locked JPEG tokens Assumed JPEG token price = $0.0006 Assumed ETH price = $1,000
Increase in credit limit due to locked JPEG tokens = 15 ETH x 20% cost (in JPEG tokens) = 3ETH / $0.0006 = 5,000,000 JPEG tokens.
With a 3 ETH cost you essentially unlock an additional 15 ETH of credit.

Learn how to enable LTV Boost