To check the status of your collateral, go to Loans, and choose the desired loan.
The Loan Health section shows your current LTV.
Loan dashboard — Web platform
In the Overview section, you can find all the info regarding your collateral. For instance, Original Collateral reflects the status of your collateral at the moment of borrowing. Current Collateral shows changes that occurred to collateral during the loan term, including the current market value of your collateral.
Overview section — Web platform
Cryptocurrencies are very volatile, so you’ll probably see changes in Collateral Value.
In the positive scenario, the market value goes up, and the LTV ratio goes down. In this situation, you can:
do nothing and use your overcollateralization as a safety bag;
withdraw excess collateral from an active loan and increase LTV to its original level.
In the negative scenario, your collateral value drops significantly, thereby increasing your LTV. As soon as your LTV reaches a danger zone of 80%, we mark your loan red with a “liquidation risk” label. You’ll get an email notification about the new status of your loan and a number of scenarios you may follow:
Add a certain quantity of collateral to balance your LTV back to 70%. To do so, make sure that you have the needed amount on your CoinLoan account, go to Loans, choose the desired loan, and click Add Collateral button.
Make a Full Early Repayment or Partial Repayment (which is more than your current interest).
If you ignore a notification or LTV goes beyond your liquidation threshold before you react, the system will liquidate your collateral. To figure out your threshold, find the LTV Liquidation Threshold section in your loan's Overview section. Here you can find at what level of LTV and market value of collateral liquidation occurs.
LTV Liquidation Threshold section — Web platform
To find out more about how LTV on CoinLoan works, please read the corresponding article.