Basic Account

This account has the broadest set of collateral types, but with it more conservative Loan-to-Values ("LTVs") and Liquidation thresholds.

The following LTVs may are likely to change prior to Mainnet. These have been set somewhat aggressively, and may be updated prior to Mainnet. We'll communicate this on our various channels when or if such changes occur.

Basic Tokens

Accepted Collateral	LTV	Liquidation Threshold
USDC	85.5%	88%
USDT	85.5%	88%
DAI	77%	90%
ETH	82.5%	85%
WBTC	70%	80%

Deposit Tokens

These are vanilla, deposit-like tokens where tokens are deposited, or staked in exchange for a yield. These tokens, risk-wise, trade as a haircut to the Basic Tokens above. For example, if ETH's LTV is 75% and the Haircut is 5%, then this gives a Haircut Discount Factor (HDF) of (100%-5%) = 95%, and so the corresponding LTV metric is: 75% x (100%-5%) = 75% x (95%) = 71.25%.

Accepted Currencies: USDT, USDC, DAI, ETH, WBTC

Accepted Collateral	LTV & Liquidity HDF
Aave aTokens	95%
Compound cTokens	95%
LIDO stkTokens	coming soon

Complex Tokens

These are any other tokens where the underlying is deemed structured, or complex.

Accepted Currencies: USDT, USDC, DAI, ETH, WBTC

Accepted Collateral	LTV & Liquidity HDF
Curve LP Tokens	95%
Uniswap LP V3 NFT Tokens	95%
Yearn yTokens	coming soon
Balancer LP Tokens	coming soon