| ▲ | d-yoda 13 hours ago | ||||||||||||||||
How is the collateral handled? Is it like the agent borrows from platforms such as AAVE or Morpho? | |||||||||||||||||
| ▲ | WJW 13 hours ago | parent [-] | ||||||||||||||||
There is no collateral. Borrowers are fully anonymous (just a wallet address) and there are no direct consequences for defaulting. The wallet is just marked as "defaulting" and so it might be more difficult to borrow again with the same address if lenders check the wallet status first. | |||||||||||||||||
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