0xa21b…64b5

The collateral is 0.06 mixUSDC, shares in the mixUSDC vault. At a share price of 1.003830 USDC they are worth 0.06 USDC, or $0.06 at USDC’s $1.

A fall of 6.6% in the vault’s share price would take collateralisation from 112.7% to the liquidation line at 105.3%.

0.06 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 0.06 mixUSDC from the collateral, plus 0.000056 mixUSDC for the line’s 0.1% redemption fee.

Across the 4 line redemptions on the timeline below, the line cleared 0.00586 alUSDb of this position’s debt and took 0.006 mixUSDC of its collateral. Valued in USDC at each redemption’s block, with one alUSDb counted as one USDC, that is a net of −0.00000541 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 −0.00000586 USDC of it (0.00000584 mixUSDC). The other +<0.000001 USDC is how the Alchemist charges a position: at the line’s average shares per unit of debt across every redemption since the position’s last event, while the share price moved between them. Each redemption’s own net is in its card’s detail.