The collateral is 253.76 mixWETH, shares in the mixWETH vault. At a share price of 1.006769 WETH they are worth 255.47 WETH, or $637.9K at WETH’s $2,496.8323.

A fall of 94.3% in the vault’s share price would take collateralisation from 1,849% to the liquidation line at 105.3%.

13.8143 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 13.7214 mixWETH from the collateral, plus 0.03 mixWETH for the line’s 0.25% redemption fee.

Across the 62 line redemptions on the timeline below, the line cleared 19.6789 alETH of this position’s debt and took 19.645 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.049 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 −0.049 WETH of it (0.049 mixWETH). Each redemption’s own net is in its card’s detail.