Loan-to-value (LTV)
LTV is the share of your collateral value you can borrow against when you take new debt or withdraw collateral. Example: You supply 700 worth of other assets, subject to pool liquidity and caps. You cannot borrow $900 against that collateral without adding more supply or repaying debt. LTV is your borrowing ceiling, not the liquidation trigger.Liquidation threshold
The liquidation threshold is always higher than LTV. It weights your collateral when the protocol measures health factor. Example: Same 780 of safety buffer in the health factor check. If you borrowed $500, your health factor stays above 1. If collateral value falls sharply, the weighted collateral can drop below your debt and push health factor under 1. Risk parameters are stamped onto your collateral when you supply, so a later change does not silently reprice an existing position. Two things do restamp them: any leveraged or swap strategy you run on the account, and a permissionlessupdate_account_threshold refresh — which is itself guarded, so it cannot push
an account below a 1.05 health factor.
Liquidation bonus
When a position is liquidated, the liquidator repays some debt and receives extra collateral as a bonus. That bonus encourages fast cleanup of unhealthy positions. The bonus varies by asset and spoke, and it grows the further underwater you are — each spoke sets the health factor at which the bonus reaches its maximum. A portion of the bonus goes to the protocol as a fee; the rest rewards the liquidator. The fee comes out of the bonus, never out of the repayment.Other limits you may hit
Check XOXNO or
markets for which assets are active and what caps
apply.