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banked.Turning the dial…
Index ETF or mega-cap stock. Borrow up to 70%, liquidated at 80%. Borrow price is also capped at the Chainlink feed plus 5%.
Put SPY in as collateral. The bank credits what actually arrives. You can borrow up to 70% of what the bag is worth at the lowest price seen at the end of earlier blocks.
If a coin gaps down faster than the bank can liquidate, that coin's reserve pot pays first. What the pot cannot cover lands on the USDG lent into this coin, and only this coin. It can never exceed the coin's cap.
The treasury float is the bank's own money. It goes wherever someone is borrowing and comes back when they repay. USDG you lend into a coin yourself is separate: it stays in that coin's pot and earns that coin's interest.
