> For the complete documentation index, see [llms.txt](https://docs.unlockd.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.unlockd.finance/protocol-mechanics.md).

# Protocol mechanics

- [Unlockd Account](https://docs.unlockd.finance/protocol-mechanics/unlockd-account.md)
- [Keep Custody & Ownership](https://docs.unlockd.finance/protocol-mechanics/keep-custody-and-ownership.md)
- [Liquidity Pools](https://docs.unlockd.finance/protocol-mechanics/liquidity-pools.md)
- [USDC Pool](https://docs.unlockd.finance/protocol-mechanics/liquidity-pools/usdc-pool.md)
- [Idle Liquidity Booster](https://docs.unlockd.finance/protocol-mechanics/liquidity-pools/idle-liquidity-booster.md)
- [Loan characteristics](https://docs.unlockd.finance/protocol-mechanics/loan-characteristics.md)
- [Collateral Valuation](https://docs.unlockd.finance/protocol-mechanics/collateral-valuation.md): Leaving obsolete floor pricing behind with the help of third-parties.
- [Physical Assets](https://docs.unlockd.finance/protocol-mechanics/collateral-valuation/physical-assets.md)
- [Financial Assets](https://docs.unlockd.finance/protocol-mechanics/collateral-valuation/financial-assets.md)
- [Multi-Asset Collateral](https://docs.unlockd.finance/protocol-mechanics/multi-asset-collateral.md)
- [Dynamic Loan-To-Value](https://docs.unlockd.finance/protocol-mechanics/dynamic-loan-to-value.md)
- [Liquidations](https://docs.unlockd.finance/protocol-mechanics/liquidations.md)
- [Health Factor](https://docs.unlockd.finance/protocol-mechanics/liquidations/health-factor.md)
- [Borrower Grace Period](https://docs.unlockd.finance/protocol-mechanics/liquidations/borrower-grace-period.md)
- [Liquidation Process](https://docs.unlockd.finance/protocol-mechanics/liquidations/liquidation-process.md)
- [Smart Liquidation Algorithm](https://docs.unlockd.finance/protocol-mechanics/liquidations/smart-liquidation-algorithm.md)
- [External Liquidation Gateways](https://docs.unlockd.finance/protocol-mechanics/liquidations/external-liquidation-gateways.md)
- [Marketplace](https://docs.unlockd.finance/protocol-mechanics/marketplace.md)
- [Bid Now, Pay Later](https://docs.unlockd.finance/protocol-mechanics/marketplace/bid-now-pay-later.md)
- [Notifications](https://docs.unlockd.finance/protocol-mechanics/notifications.md)
- [Protocol Fees](https://docs.unlockd.finance/protocol-mechanics/protocol-fees.md)