Constraint-driven risk, enforced through protocol execution and verifiable on-chain outcomes.
Risk Framework
Defines how risk is specified in advance through explicit mandates, constraints, and enforcement rules. Describes what is permitted, how boundaries are enforced, and where discretion is explicitly excluded.
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Collateral & Liquidation
Details collateral eligibility, valuation dependence, liquidation triggers, and downside handling mechanics. Explains how liquidation events are initiated and executed through protocol-defined rules.
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Accounting & Loss Treatment
Explains how gains, losses, liquidations, and transfers are recognized through on-chain execution. Describes accounting source of truth, timing, and the absence of discretionary adjustment or smoothing.
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Stress Proof
Documents observed on-chain behavior during a defined market stress period. Presents executed transactions, liquidity flows, and vault-level accounting outcomes without modeling or normalization.
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