0x62aa…e585

The collateral is 22.94 mixWETH, shares in the mixWETH vault. At a share price of 1.007506 WETH they are worth 23.11 WETH, or $54.7K at WETH’s $2,368.1315.

A fall of 94.4% in the vault’s share price would take collateralisation from 1,887% to the liquidation line at 105.3%.

0.29 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 0.29 mixWETH from the collateral, plus 0.000731 mixWETH for the line’s 0.25% redemption fee.

Across the 75 line redemptions on the timeline below, the line cleared 0.65 alETH of this position’s debt and took 0.654 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.002 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 −0.002 WETH of it (0.002 mixWETH). Each redemption’s own net is in its card’s detail.