The collateral is 2.47 mixWETH, shares in the mixWETH vault. At a share price of 1.007357 WETH they are worth 2.49 WETH, or $6.0K at WETH’s $2,396.8985.

A fall of 56% in the vault’s share price would take collateralisation from 239.3% to the liquidation line at 105.3%.

0.07 alETH of the debt is set aside for repayment. A line redemption clears it, and so does the holder repaying with vault shares or closing the position. At this share price clearing all of it takes 0.07 mixWETH from the collateral, plus 0.000165 mixWETH for the line’s 0.25% redemption fee.

Across the 14 line redemptions on the timeline below, the line cleared 0.02 alETH of this position’s debt and took 0.015 mixWETH of its collateral. Valued in WETH at each redemption’s block, with one alETH counted as one WETH, that is a net of −0.0000385 WETH for the holder: the debt cleared less the value of the collateral taken. The line’s 0.25% redemption fee, paid to Alchemix’s fee receiver, is −0.0000382 WETH of it (0.000038 mixWETH). Each redemption’s own net is in its card’s detail.