Why the path matters
Starting LTV sets your buffer. Margin call is the alert. Cure window is your time and methods to restore a target LTV. Liquidation is forced sale or conversion of collateral.
Read these steps on every provider page before you fixate on rate.
The sequence
Example path at 50% start and 80% liquidation:
1. Starting LTV
50%
2. Margin call
~70%
3. Cure window
e.g. 24–72h to restore target
4. Liquidation
80%
At 50% starting LTV, Bitcoin must fall about 37.5% for LTV to reach 80%.