The collateral is 185.74 mixWETH, shares in the mixWETH vault. At a share price of 1.007358 WETH they are worth 187.11 WETH, or $448.5K at WETH’s $2,396.8985.

A fall of 48.2% in the vault’s share price would take collateralisation from 203.1% to the liquidation line at 105.3%.

2.79 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 2.77 mixWETH from the collateral, plus 0.006917 mixWETH for the line’s 0.25% redemption fee.

Across the 14 line redemptions on the timeline below, the line cleared 0.47 alETH of this position’s debt and took 0.464 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.001 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 −0.001 WETH of it (0.001 mixWETH). Each redemption’s own net is in its card’s detail.