LOOPLOOP
BORROW ETH AGAINST ELA · LEND ETH · READING THE VAULT
-BORROW APR
UTILIZATION -MAX 90%
TOTAL ASSETS · LENT + IDLE-
IDLE CASH-
TOTAL DEBT-
IDLE CASH IS THE ONLY SOURCE OF BORROWS AND OF WITHDRAWALS
RESERVE · BAD DEBT BUFFER-
BURN POT-
DEBT CAP-
- YOU BRING
- ETH. Min 0.005.
- YOU BORROW
- ETH from lenders. Variable rate. 0.5% fee off the borrow.
- THE VAULT HOLDS
- ELA, bought with your ETH + the borrow.
- YOU REPAY
- Borrow + interest, from an ELA sale or your wallet.
- LIQUIDATED
- All your ELA if its sell value < debt / 80%.
- EXIT
- CLOSE sells all. UNWIND sells part. REPAY pays from wallet.
HOW IT WORKS
BORROW · ELA ON ETHEREUM
Your ETH + borrowed ETH buy ELA. The vault holds the ELA. The borrow + interest is your debt.
INITIAL ETH
ETH
MIN 0.005 ETH
BORROWED ETH
ETH
READING LIMITS
THIS OPEN
INITIAL ETH0.1000 ETH
BORROWED ETH-
FEE · -% OF BORROW-
TOTAL PURCHASE (EST.)-
ELA COLLATERAL (EST.)-
SELL VALUE AT OPEN (EST.)-
DEBT AT OPEN-
OPEN LTV-
BORROW BASIS · ORACLE MIN / SPOT-
MAX DEBT ON THIS MARGIN (EST.)-
LIQUIDATION · SELL VALUE UNDER-
EFFECTIVE EXPOSURE (EST.)
-
ESTIMATE · NOT A RETURN
Connect a wallet for your position.