Post tokenized equities, RWAs, or crypto and draw USDG. Every market is isolated. LLTV, oracle, and the rate curve are published onchain — not in a blog post.
Risk frameworkSix books. Six separate risks. Compare the liquidity, borrowing cost, and liquidation line before opening a position.
The selected market determines the collateral, liquidation line, and rate. Change markets above and the instrument changes with it.
Below 1.00, anyone can repay debt and seize collateral. No admin decides when.
No shared collateral pool. No global insolvency switch. Each line below ends at one oracle, one LLTV, and one liquidation book.
Borrowing gets sharply more expensive above this point to pull liquidity back.
The maximum discount a liquidator can receive is hard-capped in the core.
No guardian can freeze withdrawals or rewrite a live market’s parameters.