What Is the Concept of “Collateralization Ratio” in Decentralized Derivatives?

The collateralization ratio is the value of the collateral backing a derivative position (or synthetic asset) divided by the value of the debt or liability. In decentralized protocols, this ratio is often set above 100% (over-collateralized) to provide a safety buffer against price volatility.

If the ratio falls below a maintenance level, the position is subject to liquidation to protect the protocol's solvency.

What Are the Consequences of a Collateralized Position Falling below a ‘Liquidation Threshold’?
Why Is Over-Collateralization Necessary in Many DeFi Protocols?
How Does a Volatile Collateral Asset Affect the Required Collateralization Ratio?
What Is Maintenance Margin and Why Is It Crucial for Leveraged Crypto Derivatives?
What Happens If the Collateralization Ratio Falls below a Minimum Threshold?
What Is ‘Maintenance Margin’ and How Does It Relate to Liquidation?
What Is a ‘Liquidation Threshold’ and How Does It Differ from the Initial LTV?
What Is the Formula for Calculating Margin Ratio?

Glossar