# Payment of Hourly Fees

**Maintaining a Loan on Liqfinity**\
Every loan on Liqfinity has a **health score**. As long as the loan is healthy, it remains open indefinitely. Hourly fees are the main factor that reduce health.

#### How It Works

* **Hourly Fees:** Charged on all active loans and deducted from your USDT wallet, or they accumulate if unpaid.
* **Loan Health:**
  * At **100% health**, your loan is fully safe.
  * As unpaid fees build up, health decreases.
  * At **0% health** (when unpaid fees = 90% of your collateral’s current USD value), your loan is automatically **closed**.
* **Collateral Handling:** When a loan is closed:
  * The platform keeps the collateral.
  * It may sell part or all of it only if needed to cover unpaid fees owed to liquidity providers and the platform.
  * You keep the full USDT loan (minus entry fee), but the collateral is no longer yours.

**Example:**\
You deposit 1 BTC as collateral when BTC = $100,000 → borrow $100,000 USDT.\
If BTC drops to $50,000, then 90% of $50,000 = $45,000.\
If unpaid fees reach $45,000, loan health hits 0% → the loan is closed, and the BTC is kept by the platform.

#### 24-Hour Top-Up Rule

To ensure loans don’t remain open without coverage:

* Liqfinity monitors your USDT wallet balance.
* If unpaid fees exceed your balance, you’ll receive a **24-hour notice to top up**.
* If no top-up happens, the platform will close your loans automatically.

#### How to Keep Loans Healthy

* **Repay Fees Frequently:** Keeping fees under control maintains high health, lowers future costs, and prevents automatic loan closure.


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