The collateral is 151.59 mixWETH, shares in the mixWETH vault. At a share price of 1.007410 WETH they are worth 152.72 WETH, or $364.1K at WETH’s $2,384.3638.

A fall of 92.5% in the vault’s share price would take collateralisation from 1,402% to the liquidation line at 105.3%.

10.90 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 10.82 mixWETH from the collateral, plus 0.03 mixWETH for the line’s 0.25% redemption fee.

Across the 75 line redemptions on the timeline below, the line cleared 22.60 alETH of this position’s debt and took 22.549 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.057 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 −0.056 WETH of it (0.056 mixWETH). Each redemption’s own net is in its card’s detail.