But what about the people who have loan payments that

Question

But what about the people who have loan payments that

are due, Let's say the loan due was last week, and you didn't pay it. Does Celsius sell all the collateral you have or only partially for liquidating only the loan amount? The rest of the collateral still stays as your crypto asset?

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01.07.2022

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Maximus · Accepted Answer

Maximus

They liquidate at 80% LTV. In extreme market conditions it could drift a bit and liquidate not exactly there. But they have about a 20% buffer. They sell enough coins to pay off the loan and take an additional 3% fee. Whatever is left over gets returned in your account. So like 15-17% of the collateral if your loan was liquidated.

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01.07.2022

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