CREDIT / A SECOND ROLE FOR YOUR POSITION

Keep the position.
Open a possibility.

COUPON-backed credit, considered from every side. Wrap your position, inspect the market and understand the borrowing risk.

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COUPON COLLATERALUSDG BORROWING
A precisely layered silver structure with a single chartreuse layer
NS / COLLATERAL STUDY
One position.
More than one dimension.
01 / 04
COLLATERAL FORMWrapped COUPON
BORROWED ASSETUSDG
PUBLISHED LLTV38.5%
MARKET DESIGNMorpho-based
01 / FROM POSITION TO COLLATERAL

Three moves.
One connected position.

Understand the sequence before you enter a market. A collateral asset still carries the risks of the structure beneath it.

WRAP THE POSITION
COUPON unitsSeries-specific asset
NWrapper sharesInspect the current mark

A familiar asset. A composable form.

Turn a COUPON leg into ERC-20 wrapper shares. Inspect the share mark and any pooled coupons rather than treating the wrapper as a fixed cash balance.

01 / 03
02 / MAKE THE EXPOSURE TANGIBLE

The limit is not
the destination.

Move the illustration to see how borrowing changes the space below the liquidation threshold. Real headroom depends on a fresh oracle mark, accrued interest and market liquidity.

Read the credit mechanics
COLLATERAL EXPLORERIllustrative
Assumed collateral
USDG mark value, not a live quote
25%ILLUSTRATIVE
LOAN TO VALUE
0% / no borrowing38.5% / LLTV
Illustrative debt250.00USDG
Distance below LLTV13.5percentage points

This simplified distance is not a risk score or a recommendation.

A POSITION, UNDERSTOOD

Inspect the market.
Then make your move.

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