Loan Migration Analysis

Ledn → Firefish
Risk Calculator

Model your collateral exposure, interest costs, and liquidation thresholds before moving a Bitcoin-backed loan. Know your price to survive — before you sign.

Current Position

Collateral & Loan Details

BTC Collateral —

BTC

Current BTC Price —

Current Ledn LTV —

10%30%50%70%90%

Ledn Interest Rate (APR) —

1%5%10%15%20%

Firefish Parameters

Migration Settings

Firefish Max LTV 50%

30%40%50%60%65%

Firefish Interest Rate (APR) —

1%4%8%12%15%

Loan Term —

1m6m12m24m36m

Firefish Liquidation Trigger —

70%78%85%90%95%

Collateral Value

—

at current BTC price

Max Firefish Loan
—
at 50% LTV

Current Ledn Loan

—

Ledn Interest / Year

—

annual cost

Firefish Interest / Year

—

annual cost

Current LTV Status

—

vs Firefish 50% cap

Liquidation Risk — Live Position

—

0% 50% 70% 80% 90% 100%+

Current Ledn LTV

—

Firefish LTV at migration

—

Buffer to Firefish cap

—

Liquidation Price Scenarios

Price levels at which each LTV threshold is breached

Scenario	LTV Trigger	Liquidation Price	BTC Drop Required	BTC Drop to Trigger	Status

Current Platform

Ledn

Max LTV 50% initial

Loan Amount —

Interest Rate —

Interest / Year —

Interest over term —

Margin call at 80% LTV

Liquidation at 90% LTV (Ledn standard)

Target Platform

Firefish

Max LTV 50%

Loan Amount —

Interest Rate —

Interest / Year —

Interest over term —

Liquidation trigger 85% LTV

Liquidation price —

Migration Impact — Switching to Firefish

Rate delta

—

Annual savings

—

Savings over term

—

Loan capacity change

—

Ledn → FirefishRisk Calculator

Ledn → Firefish
Risk Calculator