This article was first published on SALT Lending Official Blog - Medium
I’ve Been Stabilized. What’s Next?
When your Loan-to-Value ratio (LTV) exceeds 90.91%, we stabilize your loan by converting all of your volatile assets into stablecoin (USDC).
At this point, you will notice that your USDC wallet reflects the total US Dollar value of your combined portfolio. Each collateral wallet balance will show $0. Don’t panic!
How Do I Convert Back to My Original Assets?
To get your original assets back, you will need to manage your LTV and restore the health of your loan to a safe state (83.33% LTV or lower). To do this, follow these steps.
- Navigate to the Loan Status page or click “Manage LTV” in the notification module on the dashboard.
2. Manage your LTV by either depositing more crypto or making a one-time payment in the Manage LTV Module.
3. We recommend curing your LTV to a healthy state (<70%), but as long as you have managed it to 83.3% or below, you will be eligible to convert.
4. Navigate back to the Loan Status Page. You will see that your LTV has dropped, but you are still being held in Stabilization Mode.
To keep reading, please go to the original article at:
SALT Lending Official Blog - Medium