Our Liquidation Engine prevents 'bad debt' so effectively that during the October 11th flash crash there was $0 of it. You can't get a better stress test than that. It's because of this effectiveness that we can offer the best conditions for borrowers: • Higher LTVs, meaning more value for your loans • Higher Liquidation thresholds • Lower liquidation penalties (almost 10x lower than the nearest competitor) • Liquidations that just bring your position back to health, and no more. We can offer so much more because of our effectiveness.