The collateral is 920.6 mixWETH, shares in the mixWETH vault. At a share price of 1.006777 WETH they are worth 926.84 WETH, or $2.3M at WETH’s $2,501.1205.

A fall of 5.3% in the vault’s share price would take collateralisation from 111.1% to the liquidation line at 105.3%.

108.77 alETH 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 108.04 mixWETH from the collateral, plus 0.27 mixWETH for the line’s 0.25% redemption fee.

Across the 62 line redemptions on the timeline below, the line cleared 130.74 alETH of this position’s debt and took 130.513 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.327 WETH for the holder: the debt cleared less the value of the collateral taken. The line’s 0.25% redemption fee, paid to Alchemix’s fee receiver, is −0.327 WETH of it (0.325 mixWETH). Each redemption’s own net is in its card’s detail.