Auto Top-Up is a simpler and more intuitive way to top up your Ledn Loan collateral address, removing the need to manually monitor and manage your open loan’s status during times of price volatility.
Features
- Automatic Adjustments:
When your Loan-to-Value (LTV) reaches 70%, funds from your BTC Transaction Account are automatically added to your collateral wallet to bring your LTV back to 65%. - How to Enable:
You can toggle the Auto Top-Up feature in your loan settings.
If your BTC Transaction Account does not hold enough balance to restore your loan’s LTV to 65%, the system will still withdraw all available BTC to top up your loan's collateral.
If there is no available BTC balance in your Transaction Account, you will receive an email notification informing you that the Auto Top-Up could not be completed due to insufficient funds. Auto top up will also be enabled for your loans at this point.
We recommend periodically checking your Auto Top-Up status and ensuring your BTC Transaction Account is funded, especially during periods of market volatility.
In that case, you will need to perform a manual top-up.