Yes - You will need to make on-time monthly payments on your Aven Bitcoin Visa Card. If your Aven Bitcoin Visa Card is past due, we will liquidate some or all of your deposited bitcoin to pay any outstanding balances and any accumulated interest or fees.
A liquidation fee is charged if your loan-to-value ratio is too high and a full liquidation is required. We do not charge a liquidation fee for partial liquidations.
We provide reminders and alerts so that you can keep current on your payments and manage the loan-to-value level on your Aven Bitcoin Visa Card.
We will try to notify you if the loan-to-value ratio on your Aven Bitcoin Visa Card reaches a warning level or other threshold so that you can deposit more bitcoin or make a payment to avoid a liquidation of your deposited bitcoin.
If you selected 30% as your initial borrowing tier, we will try to send you a warning when your Aven Bitcoin Visa Card reaches a 50% loan-to-value ratio.
If you selected 50% as your initial borrowing tier, we will try to send you a warning when your Aven Bitcoin Visa Card reaches a 60% loan-to-value ratio.
For all borrowing tiers, we will lock your Aven Bitcoin Visa Card at a 70% loan-to-value ratio.
If your loan-to-value ratio reaches 80% and is not reduced within 72 hours, we will liquidate a portion of your deposited bitcoin. For Aven Bitcoin Visa Cards with an initial borrowing tier of 30% or 50%, we will sell enough bitcoin to bring the loan-to-value ratio back down to 30%. For Aven Bitcoin Visa Cards with an initial borrowing tier of 70%, we will sell enough bitcoin to return the loan-to-value ratio to 70%.
If the loan-to-value ratio on your Aven Bitcoin Visa Card reaches 85%, we will close your account and fully liquidate your deposited bitcoin to repay the loan and any accumulated interest and fees. A 2% liquidation fee applies with a full liquidation.
Initial borrowing tier | Warning | Balance locked | Margin call (72 hours) | Wipeout (immediate) |
| 30% | 50% LTV | 70% LTV | 80% LTV (to bring down to 30%) | 85% LTV |
| 50% | 60% LTV | 70% LTV | 80% LTV (to bring down to 30%) | 85% LTV |
| 70% | — | 70% LTV | 80% LTV (to bring down to 70%) | 85% LTV |
Liquidation may occur without notice because of the volatile nature of bitcoin and other digital assets.