If the value of Bitcoin collateral falls while the debt stays the same, the position becomes less healthy and may cross its protocol’s liquidation threshold. A liquidation can use collateral to repay debt, leaving the borrower with less BTC. The exact trigger and outcome depend on the specific Sui market: Hashi’s available feature page says its code governs collateral parameters, loan-to-value ratios and liquidation logic, but does not publish live BTC-specific liquidation terms.
Why a falling BTC price puts a position at risk
A collateralized borrowing position pairs assets pledged as collateral with an outstanding debt. When BTC is the collateral, a price decline reduces the collateral’s market value. If the debt does not fall at the same time, the debt becomes larger relative to the collateral, worsening the position’s debt-to-collateral ratio.
As an Amazon Associate I earn from qualifying purchases.
Protocols set rules for when a position becomes eligible for liquidation. Two related terms are minimum collateral ratio (MCR), the minimum ratio a market requires, and liquidation price, an estimated collateral price at which a position reaches its liquidation condition. Neither term has a universal Sui-wide value: the applicable definitions and thresholds are set by each protocol and market.
What liquidation can do
Once a position meets a protocol’s liquidation condition, a liquidator may repay some or all of the debt using value taken from the collateral. Depending on that market’s rules, the borrower may lose collateral beyond the amount needed to cover the debt, for example through a liquidation bonus or fee. Liquidation can therefore reduce the borrower’s BTC balance; it does not necessarily mean the whole position is closed.
#1 Best Overall
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
The mechanics vary across markets. Suilend documentation gives an example in which third-party liquidators repay 20% of eligible loans and receive an additional 5% bounty on the amount liquidated. That illustration is for BTC borrowed against USDC collateral—not BTC collateral—and those figures are not Hashi terms or Sui-wide liquidation rules. Suilend says account balances are calculated using Pyth or Switchboard oracles. Suilend documentation
What is—and is not—known about Hashi
Hashi’s feature page states: “Smart contracts govern collateral parameters, LTV ratios, and liquidation logic–all defined in code.” However, the available page does not give a live BTC-specific liquidation threshold, liquidation size, penalty, oracle details, or user recourse. Those terms should not be assumed from another Sui protocol’s examples. Hashi feature page on Sui
Rank #2
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide (4.9 App Store, 4.8 Google Play) - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
Availability is also time-sensitive. In an article dated September 2, 2026, Sui said Hashi had not shipped and was still being built, and named AlphaLend, Navi, Scallop, and Suilend as prospective integrations. That dated statement is not proof of current launch or integration status; check the current protocol documentation and interface before treating any market as live. Sui’s September 2, 2026 article
Recommended Free Tools
How to assess a specific BTC-backed position
Before borrowing, identify the exact market and confirm its current rules in official documentation and the live interface. These are the details that determine what a price drop could mean for your position:
Rank #3
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
- Assets: Which asset is collateral, and which asset is borrowed? Rules from a BTC-debt/USDC-collateral example do not establish rules for BTC collateral.
- Initial loan-to-value ratio and liquidation threshold: The borrowing limit at opening is not necessarily the point at which liquidation begins.
- Oracle and updates: Find the stated price source and how often or under what conditions prices update. A market’s threshold depends on the price value its rules use.
- Liquidation scope and costs: Check whether liquidation is partial or full, who can execute it, and what bonus, fee, or other deduction applies.
- Remaining collateral: Determine how the protocol calculates collateral taken against debt repaid and what may remain afterward.
- Ways to act before liquidation: Verify whether you can add collateral or repay debt, and what the interface says about the position’s current health and liquidation status.
Bucket Protocol’s guide is one example of protocol-specific terminology: it defines an MCR for each asset and provides a liquidation-price formula, with a worked example using SUI collateral. It does not establish a BTC threshold or Hashi parameter. Bucket Protocol guide
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What to do if BTC is falling
Use the specific market’s displayed position-health information and published rules rather than relying on a generic Sui liquidation price. If the position is approaching its stated threshold, follow that protocol’s documented options—such as adding collateral or repaying debt—before liquidation eligibility, if those options are available. Do not infer an exact trigger, penalty, liquidation amount, or recovery option for Hashi from the information currently published on its feature page.
Quick Recap
Best Value
- Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
- Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
- See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
- Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
- Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
Rank #4
- EAL5+ CERTIFIED SECURE ELEMENT + FINGERPRINT PROTECTION — Your private keys stay encrypted offline on a certified EAL5+ chip, the same security tier used in EMV bank cards. Built by DCENT, securing crypto since 2018. Fingerprint authentication adds a second layer no PIN-only wallet can match.
- 10,000+ ASSETS NATIVE ON 100+ BLOCKCHAINS — Hold Bitcoin, Ethereum, XRP, Solana, Cardano, popular stablecoins (USDT, USDC), and NFTs in one wallet. No third-party apps, no fragmented setup — every supported asset works straight out of the box.
- TAP-TO-SIGN MOBILE EXPERIENCE — Pair your wallet with the DCENT mobile app over Bluetooth. Manage tokens, review transactions, and access in-app swap features directly from your phone — no cables, no desktop required.
- WEB3 & dAPP ACCESS VIA METAMASK — Connect to MetaMask and other browser extension wallets to manage NFTs, claim airdrops, and access dApps. A large screen and intuitive 4-button interface keep every transaction clearly visible before you sign.
- SEAMLESS FIRMWARE UPDATES & 30-DAY MONEY-BACK GUARANTEE — Apply security updates without resetting your wallet or migrating funds. Backed by Amazon's 30-day money-back guarantee — your purchase is risk-free.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Free tools Windows power users keep installed
One-click scans. No signup required.
