A loan top-up allows you to add more collateral, lowering your Loan-to-Value (LTV) and minimizing the risk of liquidation:
How to Top-Up:
Select “Top-Up” on Your Loan Dashboard: Log into your account and choose your loan.
Choose a Source: You can top up using funds from your Transaction Account or an external source.
Confirm: Upon confirmation, your LTV will be adjusted.
This feature ensures your loan remains secure during market fluctuations.
How Are Top-Ups Reflected in My Loan?
Collateral top-ups are reflected through a reduction in your LTV and an increase in your collateral balance. They do not appear as separate transactional line items in your loan history. If you have topped up your loan but do not see a specific transaction entry, check your updated LTV and collateral balance instead.
Important: Unconfirmed Deposits
If you are sending collateral from an external source, the bitcoin deposit must be confirmed on the blockchain before it is credited to your loan. Unconfirmed deposits will not lower your LTV. Please allow time for on-chain confirmations before relying on the top-up to protect your loan during volatility.