The loan book
Every loan in the vault, and how much room each one has left.
Read at the head of the chain, block 109156067, refreshed every minute. A borrower sees a liquidation coming from days away. A liquidator sees the whole book without asking anyone. Room is how far the debt is from the line — low water divided by the liquidation ratio, minus what is owed.
Every line carries a zero-knowledge solvency proof, made when this page was built and checked against the verifier at 0x9205…739E. A loan that cannot be proven is a loan that can be liquidated. Every two hours the keeper sweeps each position's fees into its own debt; the column on the right is what each loan has paid for itself so far.
The vault of the second kind
This vault holds no debts, only commitments. Each line is a loan the chain cannot read: who pledged, the commitment, how long since solvency was last proven, and the most it could owe. A proof older than seven days lapses, and a lapsed loan may be liquidated by anyone for that ceiling.
In the pot
$0.00
Drawn, not repaid
$0.00
In escrow
$0.00
No positions are pledged to it yet.
Vault v2 at 0x36Ae200C09d8b4726cCc2212FfB11499e10aeEC8. What is owed is not on this page because it is not on the chain.
The first vault
In the pot
$44.99
Out on loan
$0.00
Cap · total
$250,000.00
Cap · per loan
$25,000.00
No positions are pledged right now.
Liquidation pays the debt in USDG and takes the position apart; the liquidator keeps a 5% bonus and the volatile leg, the borrower gets what is left. Anyone may call it once a loan is under the line.