Your credit limit will depend mainly on the type of assets deposited in your Exa App wallet and the amount of each.
We associate a Risk-Adjust Factor to each asset to assess each collateral asset's borrowing and lending power. That's why your credit limit in USD depends not only on the value in USD in your wallet but also on which assets compose the wallet.
Asset deposited--> | WETH | USDC | WBTC | wstETH | OP |
The amount of USDC you can borrow with $1 of each asset | $0.78 | $0.83 | $0.71 | $0.75 | $0.32 |
For example, if you:
Deposited $100 in WETH --> Credit Card borrow limit USDC 78
Deposited $100 in USDC ---> Credit Card borrow limit USDC 83
Deposited $100 in WBTC ---> Credit Card borrow limit USDC 71
Deposited $100 in wstETH ---> Credit Card borrow limit USDC 75
Deposited $100 in OP ---> Credit Card borrow limit USDC 32
The most likely scenario is that you have deposited more than one asset, so your credit limit will be calculated as a weighted sum, considering the risk factor of each asset and the amount you have deposited in your Exa Wallet.
If you want more information about calculating the credit limit and interest, please refer to our Math Paper.