0xbd54…022e

The collateral is 7.2K mixUSDC, shares in the mixUSDC vault. At a share price of 1.003830 USDC they are worth 7.2K USDC, or $7.2K at USDC’s $1.

A fall of 16.5% in the vault’s share price would take collateralisation from 126.1% to the liquidation line at 105.3%.

1.3K alUSDb of the debt is set aside for repayment. A line redemption clears it, and so does the holder repaying with vault shares or closing the position. At this share price clearing all of it takes 1.3K mixUSDC from the collateral, plus 1.29 mixUSDC for the line’s 0.1% redemption fee.

Across the 4 line redemptions on the timeline below, the line cleared 127.45 alUSDb of this position’s debt and took 127.1 mixUSDC of its collateral. Valued in USDC at each redemption’s block, with one alUSDb counted as one USDC, that is a net of −0.127 USDC for the holder: the debt cleared less the value of the collateral taken. The line’s 0.1% redemption fee, paid to Alchemix’s fee receiver, is −0.127 USDC of it (0.127 mixUSDC). Each redemption’s own net is in its card’s detail.