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Core principles

Two-sided by design​

Cash borrowing and RWA borrowing are separate markets with separate supply, debt and risk.

Isolation first​

Each financing direction begins in isolated accounts. Portfolio margin and broad cross-collateralization come later, if justified.

Market state over blockchain clock​

The chain can remain live while risk-increasing actions are restricted when reference markets or execution liquidity are unreliable.

Executable liquidity matters​

An oracle price is not treated as proof that a position can be unwound at that price and size.

Canonical assets only​

Eligible RWAs are identified by issuer, chain and contract, not ticker alone.

Portability​

The financing engine should remain separable from issuer-specific, chain-specific and liquidity-specific adapters.