Auto Top-up is a simpler and more intuitive way to Top-up your Ledn Loan collateral address(es), removing the need to manually monitor and manage your open loans’ status during times of price volatility.
Features:
- Automatic Adjustments: When your LTV hits 70%, funds from your Transaction Account are automatically added to your collateral wallet address to bring the LTV back to 50%.
- How to Enable: Toggle the Auto Top-Up feature in your loan settings.
In case you don't hold enough balance to bring back your loan's LTV to 50%, our system will still withdraw all available balance in your BTC or ETH Transaction account to top up your loan's collateral.
In the event that there's no remaining balance on your BTC or ETH Transaction account to top up your loan's collateral, you will receive a notification email informing you that, due to lack of available funds, we were unable to Auto Top-up your loan(s). In this case, you will need to continue with manual top up.