Risk framework
Vadium's risk model is designed around the fact that tokenized RWAs inherit risks from both the blockchain environment and the underlying real-world market structure.
Caps and concentration
Risk should be limited at multiple levels rather than relying on one global collateral ratio.
Closed-market and gap risk
Closed markets create jump risk. No oracle can manufacture an executable weekend market.
Backstop and loss handling
Losses beyond normal liquidation assumptions require an explicit waterfall. The final mechanism is not yet defined.