A list of lendable and borrowable assets and their Loan To Value and Liquidation Threshold.
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.
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.
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.
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
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%
If you still have any questions, please reach out to the Ironclad team in our official Discord.
