Documentation
Written for reviewers and integrators. This build reads the Ethereum mainnet deployment.
The documents.
Start with the overview. The rest cover the protocol's guarantees, who can change what, how defaults are priced at exit, how the system is tested, and how to integrate.
What the protocol is: two tokens, identified-per-asset collateral, and the three-layer loss cascade.
Read →02Ethereum V2Live deployment statusCurrent mainnet readiness, completed live acceptance, keeper posture, scheduled queue settlement, and the operating limits that remain.
Read →03Safety specProtocol guaranteesThe nine system invariants: backing, value conservation, cascade ordering, the mint gate, FIFO redemption. Each is mapped to the on-chain mechanism that enforces it and the test that proves it.
Read →04Trust modelRoles & governanceEvery privileged role, who holds it in production, and the exact functions it gates, including the timelocked governance setters and the never-pausable cascade.
Read →05ValuationDefault recovery & exit pricingHow professional recovery assessments affect the queue, how junior protection is applied, and why any later redeemer top-up is discretionary and separately funded.
Read →06AssuranceSecurity & testingTest rigor, exact current evidence, the multi-round internal audit, and the human-owned production assurance gates.
Read →07For buildersIntegratingWhere our tokens depart from what their interfaces imply: asynchronous redemption through the queue, the absolute gas floor on every balance change, sanctions-screened transfers, and the 24-decimal share. Read before wiring a router, adapter or aggregator.
Read →