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banked.Turning the dial…
Memecoin. Borrow up to 20% of the bag, liquidated at 55%. The coin has to fall 64% before the bank is underwater on you.
Put PONGO in as collateral. The bank credits what actually arrives. You can borrow up to 20% 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.