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Very interesting read, especially the ELI5 part before the DeFi story.

Are the 3 ways explained to cover a margin call how it works in practice? can one choose either of these 3 options?

> Fourth grade math. If you have $110 million in assets and $100 million in liabilities you are said to be levered 10:1.

Actually got some trouble on the 4th grade math ... morning coffee not working properly?

$110m assets - $100m liabilities = $10m of "surplus".

liabilities:surplus ratio is 100:10 --> 10:1.

> You’ve got $1,600 in assets against $1,000 in debt, so $600 in equity, so ~1.67:1 levered.

here liability = 1000, a better name for the surplus is "equity" at 600,

1000:600 ratio --> ~1.67:1

4th grade math checks out :)



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