Modular

Stack a box

Six parameters and it exists. The collateral must answer the issuer’s stock interface; the loan asset is the chain’s dollar; the oracle and rate are modules, any contract that speaks the interface. The yard refuses a loan-to-value above 95% and a bonus outside 0–30%. Same six values, same box: stacking it twice returns the address that already exists.

The spec

1 · collateral

2 · price feed → oracle module

StockOracle: 8-decimal feed → 1e36 price, fresh within 4 days.

3 · rate module

4 · loan-to-value · 70%

5 · liquidation bonus · 6%

6 · loan asset

USDG · 0x5fc5…d168

The crate, before it exists

NVDA

LLTV 70% · bonus 6% · USDG

spec hash: — complete the spec
yard: 0x4c07…cfba

The box is deployed by the yard with CREATE2 on this hash. Nobody owns it afterwards, including you. A box nobody lends to is just an address; a box people lend to is a market you set the terms of, once.