The collateral is 13.3K mixUSDC, shares in the mixUSDC vault. At a share price of 1.025019 USDC they are worth 13.7K USDC, or $13.7K at USDC’s $1.

A fall of 62.8% in the vault’s share price would take collateralisation from 282.9% to the liquidation line at 105.3%.

889.62 alUSD 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 867.91 mixUSDC from the collateral, plus 2.17 mixUSDC for the line’s 0.25% redemption fee.

Across the 61 line redemptions on the timeline below, the line cleared 2.0K alUSD of this position’s debt and took 1,971.461 mixUSDC of its collateral. Valued in USDC at each redemption’s block, with one alUSD counted as one USDC, that is a net of −4.929 USDC 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 −4.998 USDC of it (4.916 mixUSDC). The other +0.069 USDC is how the Alchemist charges a position: at the line’s average shares per unit of debt across every redemption since the position’s last event, while the share price moved between them. Each redemption’s own net is in its card’s detail.

alUSD V2 position 0x5488…b9d6 is this holder’s account from before Alchemix V3, closed on 2 April 2026. Its events are on the timeline below, marked V2, and the figures on this page are V3's alone.