Credit against the claim. Shipped as an interface, not yet as a market.
The health factor above is computed from your inputs and an illustrative liquidation threshold 10 points above your chosen LTV. It is a calculator, not a protocol parameter.
Lending ships after the Stockpile. Parameters are published for review before the module is built.
A redeemable claim is unusually good collateral. That is the whole thesis.
vPILE has an intrinsic value that can be enforced by anyone: burn it, receive assets. A liquidator therefore has a guaranteed exit that does not depend on market depth, which is the property that makes conservative lending against it plausible. It also means a lending market inherits every oracle and valuation risk the Stockpile carries, which is why it is not part of the first deployment.
None of these has been ratified. They are listed so the shape of the module is public and reviewable, and so the calculator can never be mistaken for policy.
- IStockpileTokens, wrapper, reserve engine, redemption.
- IAccountingFee routing, acquisitions, indexer.
- IILendingCollateral, borrowing, liquidations.