Protocol Assets

A list of lendable and borrowable assets and their Loan To Value and Liquidation Threshold.

Loan To Value

The Loan to Value (LTV) ratio defines the maximum amount of currency that can be borrowed with a specific collateral. It’s expressed in percentage: at LTV=80%, for every 1 ETH worth of collateral, borrowers will be able to borrow 0.8 ETH worth of the corresponding currency. Once a borrow is taken, the LTV evolves with market conditions.

Liquidation Threshold

The Liquidation Threshold (LT) is the percentage at which a position is defined as undercollateralized. For example, a Liquidation threshold of 80% means that if the value rises above 80% of the collateral, the position is undercollateralized and could be liquidated.

The delta between the Loan-To-Value and the Liquidation Threshold is a safety cushion for borrowers.

Reserve Factor

The Reserve Factor (RF) allocates a share of the protocol's interests to a collector contract as protocol fees for the Ironclad Protocol. For more information on how the protocol fees are utilized in the Ironclad Protocol, please see the Revenue Sharing section.

Liquidation Bonus

The Liquidation Bonus (LB) is the discount on the price of collateral assets when liquidators purchase it as part of the liquidation of a loan that has passed the liquidation threshold.

Asset Profiles

Ironclad

Mode Market

Contract	Loan To Value	Liquidation Threshold	Reserve Factor	Liquidation Bonus
USDC	80%	85%	50%	10%
USDT	80%	85%	50%	10%
ETH	80%	85%	50%	10%
ezETH	75%	80%	50%	10%
(Old) weETH	N/A	N/A	N/A	N/A
weETH.Mode	65%	70%	50%	10%
wrsETH	75%	80%	50%	10%
MBTC	70%	75%	50%	10%
MODE	60%	80%	50%	10%
sUSDe	62.5%	67.5%	50%	12.5%

Base

Base Market

Contract	Loan To Value	Liquidation Threshold	Reserve Factor	Liquidation Bonus
USDC	85%	90%	20%	10%
USDbC	80%	85%	20%	10%
DAI	70%	75%	20%	10%
WETH	80%	85%	20%	10%
CBETH	70%	75%	20%	10%
cbBTC	86.5%	90%	20%	10%
AERO	70%	75%	20%	12.5%

If you still have any questions, please reach out to the Ironclad team in our official Discord.