Introduction to SPICE
Deposit & Withdraw
NFT Collection Selection
Prologue NFT & Leverage
Adjusting Loan Terms
Health Factor & Defaults
What is the SP-BLUR vault?
Technical Architecture & FAQ
Frequently Asked Questions
Integrating SPICE Vaults
Terms Of Service
Find the right risk/reward balance for you
What is Prologue Leverage?
Prologue Leverage is an
exclusive feature for Prologue NFT Holders
, which gives them the ability to take out loans against their vault positions.
This effectively creates leverage on their Prologue vault deposit. The borrowed ETH is then auto-compounded back into the Prologue vault.
Prologue Leverage allows Prologue vault
depositors to boost their yield
Stage 1: No leverage
Stage 2: Leverage
Prologue Leverage Specs
Each Prologue vault leverage position will have a
Maximum Loan Amount
, set at
of your original deposit, which can be reached in one transaction.
that you can possibly request at any time is
10ETH (starting amount) * 150% = 25ETH (Maximum Loan Amount)
15ETH (loan amount) / 25ETH (Maximum Loan Amount) = 0.6 or 60% (Maximum LTV)
are set at
80% LTV (400% of deposited amount).
will be determined as a function of Prologue Leverage Vault Utilization Rate. This matter is covered in depth in the
section of these documents.
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