Overview
The dashboard is the first thing you see after connecting your wallet. It shows the current state of your position in real time, refreshed every 5 minutes.
Health Factor
The health factor (HF) is the most important number on your dashboard.
HF = SUM(Collateral_i × LiquidationThreshold_i) / TotalDebt
Each collateral asset has its own liquidation threshold set by the protocol (e.g. 85% for WBTC on Aave V3). The health factor weights each collateral by its own threshold — it is not a simple collateral/debt ratio.
Worked example. Say you supply $9,000 of ETH (LT 82.5%) and $1,000 of USDC (LT 90%), and borrow $8,000 of USDT:
HF = ($9,000 × 0.825 + $1,000 × 0.90) / $8,000
= ($7,425 + $900) / $8,000
= $8,325 / $8,000
= 1.04
Compare this to the wrong shortcut of blending the two LTs into one average first: (82.5% + 90%) / 2 = 86.25%, applied to total collateral: $10,000 × 0.8625 / $8,000 = 1.08. That's a meaningfully different, falsely safer number — it overweights whichever asset is smaller. Kairu always sums per-asset, never blends.
| Health Factor | Status | Meaning |
|---|---|---|
| > 2.0 | Healthy | Low risk. Significant price movement required to approach liquidation. |
| 1.4 – 2.0 | Moderate | Monitor closely. A significant market move could push you toward risk. |
| 1.1 – 1.4 | At Risk | Kairu sends a Telegram alert when you enter this range. |
| < 1.1 | Critical | Liquidation is imminent. Take action immediately. |
| < 1.0 | Liquidatable | Your position can be liquidated by anyone. |
LTV Bar
The LTV (Loan-to-Value) bar shows two values:
- Current LTV — your current debt divided by your total collateral value
- Max LTV — the maximum LTV allowed by the protocol before borrowing is blocked
The gap between current and max LTV is your available borrow capacity.
Net Equity
Net Equity = Total Collateral USD − Total Debt USD
This is what you would receive if you repaid all debt and withdrew all collateral at current prices, ignoring slippage.
Net APY
Net APY = (Total Earnings USD − Total Borrow Costs USD) / Net Equity USD
A positive Net APY means your collateral is earning more than your debt is costing you annually, as a percentage of your net equity. This is the Aave-authoritative figure from your position data.
Why you can't just subtract the two APYs. Say your collateral earns 3% and your debt costs 5%, on a $10,000 collateral / $6,000 debt position ($4,000 net equity):
Wrong: 3% − 5% = −2% (mixes two different denominators — meaningless)
Correct: Earnings = $10,000 × 3% = $300/yr
Costs = $6,000 × 5% = $300/yr
Net APY = ($300 − $300) / $4,000 = 0%
The naive subtraction (−2%) and the correct result (0%, break-even) disagree here, and can diverge much further depending on your leverage — earnedAPY − debtAPY compares a percentage of collateral against a percentage of debt, two different bases. Net APY is always earnings and costs in dollar terms first, divided by net equity last.
Max Available Borrow
The maximum USD value you can borrow right now without your health factor dropping below the safe threshold. Kairu uses a conservative threshold based on your risk profile (configurable in Settings).
Data freshness
Position data is refreshed every 5 minutes. You can force a refresh using the refresh button in the top-right of the dashboard. The timestamp of the last update is shown below the health factor.