According to ChainCatcher, Jack Mallers, founder of the Bitcoin payment app Strike, responded on the X platform to explain the adjustment to the margin call policy. He stated that Strike's lending mechanism will not fully liquidate Bitcoin collateral. When a loan falls below the maintenance margin level, the platform will only partially liquidate it to restore the loan to a healthy loan-to-value (LTV) level of approximately 65%.
Jack Mallers added that the mechanism aims to protect users' Bitcoin assets as much as possible while maintaining loan health and buying more time for customers and Bitcoin prices to recover. Based on this mechanism, the liquidation rate of Strike's overall loan book remains in the low single digits of the total outstanding loan amount, approximately 1%–3%.
