LTV warning at 80% LTV: Your account enters a notice period. Automated email notifications every 6 hours. Options: top up collateral, repay part of your loan, or monitor. No collateral is sold at this stage.

Liquidation at 90% LTV: Automatic and immediate, with no separate notice window once this threshold is hit. Only enough collateral is sold to bring your account back to approximately 85% LTV, not your original starting LTV, resulting in a smaller, more limited sale than before. There is no liquidation fee. APX does not charge you for the collateral that's sold.