Create an LTV Boosts
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.
Open up your loan dashboard and select LTV Boost.
Create a boost from the User Dashboard
Select the NFT you wish to boost, the unlock date, and lock JPEG tokens. (If LTV boosting for several NFTs check the whale mode)
Setup one or multiple NFT LTV boosts
Update lock by clicking the LTV Boost button and selecting a new unlock date.
Update one or multiple NFT LTV Locks
$JPEG can be locked to obtain: Higher Loan To Value ratio (LTV Boosts) Higher credit limit for rarer traits (Traits Boosts)
Below we describe how to create and manage an LTV boost,
Select the NFTs you want to create / extend a lock for
In Whale Mode, select the NFTs you want to create the lock for and click the LTV Boost button. This will open the LTV Boost Modal
Confirm your boost settings
The LTV boost configuration modal lets you determine the lock settings: - from 0 to 25% extra LTV - The unlock date (the moment at which the lock will expire and at which the Boost effect will be disabled).
Please note down the exact date as the boost effect is immediately disabled, and might put your position at risk of liquidation.
The current status of boosts can be monitored at all times under the "Boosts" tab in the Dashboard section.