> For the complete documentation index, see [llms.txt](https://docs.covenant.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.covenant.finance/deprecated/user-app/additional-market-details.md). # Additional Market Details Below the **Add Liquidity/Trade Debt** card you will find additional information about the debt market. You may have to scroll down to see this information, highlighted in the below image. Under the **Debt Details** section, find the following fields: * **Loan Term:** Debt on Covenant is perpetual, not fixed. For more information, see the [litepaper](/deprecated/litepaper.md) and [whitepaper](broken://pages/Pgh4ZiG4fUvWP1n1UXif). * **Rate:** The rate on Covenant is set by the market, so it's floating, not fixed. * **Liquidation Type**: Covenant can support multiple liquidation types. While it can support LTV-based, mark-to-market liquidations, of the variety you might find on AAVE/Compound/etc., it can also support non-mark-to-market liquidations, in which a borrower is liquidated based on their total debt outstanding, as opposed to their mark-to-market LTV. Finally, further down, find **Collateral Details**, which lists the collateral types and amounts locked in the respective lending market.