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?
Once your BTC top-up has been confirmed on the blockchain and credited to your loan, your collateral balance will increase and your LTV will decrease.
You can review the completed top-up in the Activity section of the relevant loan. Loan Activity provides a chronological record of your loan’s collateral movements and other loan events, which you can export as a CSV or PDF for your records.
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.