The reason why there is a difference between the total collateral valuation and the recognized collateral amount is because the collateral recognition ratio is applied differently for each asset.
The collateral recognition ratio refers to the ratio of the actual value of collateral assets that is recognized in calculating the lending ratio.
To ensure stable service use, different collateral recognition ratios are applied taking into account the price volatility of each asset.
- KRW : 100%
- Stablecoin: 95%
- Top 20 digital assets by market capitalization (based on DAXA disclosure) : 90%
- Other digital assets: 85%
For example, even if you deposit BTC worth 10 million USDT as collateral, the value is recognized as 9 million USDT when calculating the lending ratio.
※ The collateral recognition ratio by asset can also be checked at PC WEB > Learn > Frequently Asked Questions > Coin Borrowing Status.