The core parameters of 0VIX protocol
A user’s Borrow Limit is an expression of the value of the assets they are able to borrow based on the value of their supplied assets and these assets’ combined Loan-to-Value figures. Once this Borrow Limit is reached, the liquidity of the account has arrived at zero. If the value of the user's collateral were to then fall further or they were to fail to keep up with the interest accrued on their borrowed balance, then their collateral would become vulnerable to liquidation.
Borrow Limit Used is simply an expression of the amount of liquidity that an account has used but stated as a percentage and based on the value of the assets they currently have provided and their combined Loan-to-Value.