Positions

The portfolio view aggregates every market: open position count, total collateral value, total debt, average leverage, and total portfolio value (net equity). Each position row carries the detail.

Net equity is collateral minus debt: the user’s size at risk.

Health

A position is liquidatable once its current LTV reaches the liquidation LTV; the app shows how much room remains. Tokenised asset prices update through oracle feeds, so health reflects fresh prices at each interaction.

Positions also show a protocol buffer: unwind requests require the position’s LTV to sit a configured margin below the liquidation threshold, so a position deep in the red may need partial deleveraging before a standard exit is accepted. See unwinding.

The holdback

A position can carry a holdback: part of the collateral is delivered only after the issuer’s next valuation. In a wind that runs through a Keyring user wallet, the delivery is included when the position is finalised, so the position starts at its settled figures and no action is needed. In a synchronous wind the delivery arrives after the position opens: until that top-up is deposited, the position shows an opening leverage and LTV alongside the settled figures it reaches once the collateral lands, and health tracks the opening figures while the holdback is outstanding. The market’s page states its terms.