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Minimum Collateral

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Last updated 11 months ago

Minimum Collateral of 10 USD is required to mint WCD. Similarly, Minimum Collateral of 10 USD must be maintained when outstanding debt(WCD to repay) remains — In other words, when LTV is greater than 0%.

Example: 0.45 WCD minted with WEMIX collateral of 30 USD. Stability Fee has not been accrued. (LTV : 1.5%)
- Repay less than 0.45 WCD : Only 20 USD worth of collateral can be withdrawn to maintain Minimum Collateral of 10 USD
- Repay all 0.45 WCD : Entire collateral can be withdrawn.