Two Numbers to Watch
As Bitcoin's price moves, your loan-to-value (LTV) moves with it. Two thresholds define your safety:
- Notification (margin call) threshold — 60% by default: the level at which we alert you that your LTV is getting high. You can adjust this between 30% and 80% in your notification settings.
- Liquidation threshold — 83.33%: the level at which the protocol automatically sells collateral to protect the loan.
42.5%
Healthy
Current loan-to-value
To notification
17.5%
To liquidation
40.8%
Notification 60%
The Space Between Them Is Your Buffer
The gap between your current LTV and the liquidation threshold is your room to maneuver. Crossing the notification threshold is a prompt to act — it is not liquidation. You still have time to add collateral or repay.
66.9%
At Risk
Current loan-to-value
To notification
0.0%
To liquidation
16.4%
Notification 60%
BTC is down today. Your collateral is worth less, so your LTV climbed. Top up BTC or repay to move back toward safety.
What Happens at Each Level
At the notification threshold
You receive an alert by email (and SMS, if enabled). Add Bitcoin collateral or make a partial repayment to bring your LTV back down.
At 83.33% LTV
Automatic liquidation begins: the protocol sells just enough Bitcoin to restore a safe LTV. It's automated and irreversible, so act well before this point.
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