Risk parameters
Max LTV and liquidation threshold for each of the 24 collateral markets, and how the health factor is derived from them.
What these numbers mean
Every collateral market carries two risk parameters, set per asset and enforced on-chain:
- Max LTV — the most you can borrow against that collateral. Mint transactions revert above it.
- Liquidation threshold — the point at which the vault can be liquidated. The gap between the two is your safety buffer.
Riskier, more volatile collateral gets a lower LTV and a tighter buffer. Stablecoins sit at the top of the range because their price barely moves.
All 24 markets
| Symbol | Asset | Max LTV | Liquidation threshold |
|---|---|---|---|
| Stablecoins | |||
| USDG | GlobalDollar | 90% | 95% |
| Crypto majors | |||
| WETH | WrappedEther | 75% | 82% |
| Tier 1 equities & ETFs | |||
| AAPL | Apple | 55% | 65% |
| MSFT | Microsoft | 55% | 65% |
| NVDA | NVIDIA | 55% | 65% |
| GOOGL | Alphabet(ClassA) | 55% | 65% |
| AMZN | Amazon.com | 55% | 65% |
| META | MetaPlatforms | 55% | 65% |
| TSLA | Tesla | 55% | 65% |
| SPY | SPDRS&P500ETFTrust | 55% | 65% |
| QQQ | InvescoQQQTrust | 55% | 65% |
| SGOV | iShares0-3MonthTreasuryBondETF | 55% | 65% |
| SLV | iSharesSilverTrust | 55% | 65% |
| Tier 2 equities | |||
| AMD | AdvancedMicroDevices | 40% | 52% |
| INTC | Intel | 40% | 52% |
| MU | MicronTechnology | 40% | 52% |
| PLTR | PalantirTechnologies | 40% | 52% |
| COIN | CoinbaseGlobal | 40% | 52% |
| ORCL | Oracle | 40% | 52% |
| BABA | AlibabaGroup | 40% | 52% |
| CRCL | CircleInternetGroup | 40% | 52% |
| CRWV | CoreWeave | 40% | 52% |
| SNDK | Sandisk | 40% | 52% |
| SPCX | SpaceX | 40% | 52% |
Health factor
Your health factor expresses how far a vault sits from liquidation:
health factor = (collateral value × liquidation threshold) / debt
Above 1.0 the vault is safe. At or below 1.0 anyone can liquidate it. A vault with no debt has an infinite health factor.
How parameters change
Risk parameters are governed. Changes are proposed and voted through governance, so a market's LTV can be tightened if its volatility profile changes. Existing vaults are subject to the current parameters, not the ones in force when they were opened.
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