What is LTV in crypto lending? The warning-level arithmetic
LTV is the loan over the collateral's value. Two lenders' own levels, worked into the price fall each one allows and what a partial liquidation sells.
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Collateral
8 articles
What is a good health factor on Aave? The price-fall table
Aave names no safe health factor. This table converts levels from 1.1 to 3 into the collateral fall each absorbs before liquidation, using Aave's formula.
What is liquidation in crypto? One mechanism, two venues
Liquidation is the forced sale of collateral that no longer covers a debt. Exchange margin and Aave loans side by side, from the venues' own pages.
At what LTV does a bitcoin-backed loan get liquidated?
SALT prints a ladder from 75% to 90.91% LTV; Lava sets a price, not a ratio. We read four lenders' own pages and turned SALT's triggers into BTC falls.
The $9.3m ankrFLOW headline was wrong by a factor of twenty
Blockaid's initial estimate put the MORE Markets drain at $9.3 million. The corrected figures reported four days later are roughly $410,000 at spot. What a lender should take from the gap.
Arch Lending's tokenised-gold loans, assessed on what a 90% liquidation threshold assumes
A $250,000 minimum, up to 75% initial advance, margin call at 85% and liquidation at 90%. Every threshold is published in the launch release. What the release does not publish is the price source that decides when they are crossed.
The MAMO post-mortem on Moonwell's forum puts residual debt at $9.13m
The $8.7m the trackers reported matches the stablecoins the post-mortem traces off Base. What a forensic report published on the protocol's forum a day later adds is a different number: $9.13m of borrower obligations still outstanding. The mechanism is not a vote and not a broken contract, but a donation to a market contract and a price feed that believed it.
Over-collateralisation is the only lending model that survived the cycle
The crypto lending sector ran two models. One of them is largely gone, and the reason is structural rather than accidental.
