Hi,

I am looking to take a loan on biance, but I am a little confused about certain concepts!

Could someone please walk me through an example:

Loan Amount: 10,000 USD
Collateral: 1.7 Bitcoin

Now it's where I am getting confused.

Margin Call: 75%
Liquidation LTV: 83%

How do I calculate the margin call and the LTV in this example? What are the values than?

What happens if bitcoin crashes? Do I get automatically liquidated or is there a certain time frame I can top up? I am not permanently at my computer if I am taking a loan for 90 days for example. Is there a grace period to top up?

Thanks a lot!