LTV is Loan-to-Value ratio, which is calculated by dividing the amount borrowed by the value of collateral, expressed as a percentage.
For example, if you borrow $100 of USDC and the value of your BTC collateral is $1000, your LTV is equal to 10% (100 / 1000 = 10%).
You can keep track of your LTV in real-time within the Wirex App. If you see that it is getting too high (e.g., approaching 70%) you can simply add more collateral to your existing credit line to reduce the LTV back to a healthy level.
When opening a new line of Wirex Credit, the maximum you can borrow is 60% LTV (80% when borrowing NXUSD).
It is important to check your LTV regularly as the market rates change. Once your LTV reaches 80% for stablecoins (or 90% for NXUSD), your collateral will be liquidated, and the credit line will be closed automatically
You have complete flexibility with Wirex Credit, you can repay the borrowing in full at any time, or add more collateral to reduce the LTV.