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.
Crypto lending, risk first
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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.
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.
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.
Strike's page says 72 hours, Arch says typically 24, Ledn and SALT print LTV levels rather than hours. Each lender's cure window, read 4 October 2026.
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.
Ledn's page prices an LTV-triggered loan; Unchained's commercial-loan page defines a CTP violation and prints no sale level. Both read 20 September 2026.
No. The price triggers are gone, but a missed payment still sells collateral after a 10-day grace. Both Strike ladders and Ledn's, tabulated and priced.
The app is a familiar exchange account. The loan underneath it is a smart-contract position that a price feed can close without asking. Assessed on the gap between those two facts.
The model that outlasted the last cycle, assessed the way this desk assesses everything: what can go wrong first, and how much of it the published parameters actually tell you.