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LTV Boosts

Increase Liquidation ratio to 51%
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 by 15%. This raises the maximum borrow available to 50% (60% if coupled with cigarette locking) and liquidation ratio to 61% with a JPEG Card cigarette and 51% 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 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.
Example:
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.

How to enable LTV Boost