Collateral refers to a certain amount of crypto, taken by the HEXN platform to secure the loan.

Loan amount refers to the amount of crypto that are to be returned to the HEXN platform (inlc. charged percentages).

LTV stands for Loan-to-Value. It’s the total value of your loan to the value of your collateral. The value is determined by the index price. For example, we want to borrow 21k USDT, our collateral is 1 BTC. Provided that the BTC price is 30k, LTV would be 70% (21k/30k*100%).

Loan liquidation occurs in the event, when the current Loan-to-Value (LTV) ratio reaches the set threshold (indicated as a liquidation price).

Liquidation price is the price, at which the HEXN platform liquidates the loan.

Repay option of the loan means, that the loan will be closed, and the collateral will be returned to the balance, provided that the loan amount is returned.

Liquidate option of the loan means, that the collateral used will be sold. A part of it will be used to cover (or repay) the loan, and the rest what’s left will be credited to the balance.