Loan-to-Value Ratios

By default, all debt positions allow 35% of the collateral value to be drawn and liquidation will occur if the debt/collateral ratio is 36% or higher.
For example: if an NFT is valued at 100 ETH a user can draw up to 35 ETH. If the NFT collateral value drops slightly or the user draws more debt that changes the debt/collateral ratio to equal or exceeds 36% he or she will be liquidated.
LTV can be boosted to 50% / Liquidation ratio 51% if a LTV Boost is enabled for a position and up to 60% / Liquidation ratio 61% when combined with the Cigarette boost.

Last modified 1mo ago