# What is LTV (and max LTV) ? LTV means loan to value. It indicates the max ratio between collateral and loan when borrowing in DeFi. On [Kashi](https://hackmd.io/@HHK-ETH/HJzfR9vzt) the max LTV is 75%, this means that if your loan value is over 75% of your collateral value you will be at risk of [liquidation](https://hackmd.io/@HHK-ETH/what-is-a-liquidation).