Lending
DUSX borrowing, collateral parameters, PSM stables, oracle policy, and liquidation risk.
Vorax lending lets users borrow DUSX against approved collateral. Each market has its own collateral factor, borrow limit, oracle, and liquidation penalty. The UI helps users avoid unsafe positions, but the contracts enforce the final limits.
Collateral Markets
| Asset | Max LTV | Liquidation Penalty |
|---|---|---|
| WBNB | 90% | 5% |
| BTCB | 90% | 5% |
| ETH | 90% | 5% |
| XRP | 70% | 10% |
| DOGE | 50% | 10% |
| eVRX | 50% | 10% |
| CAKE | 50% | 10% |
Native BNB is supported in the interface through a wrapping flow. Borrow markets use WBNB at the contract level.
PSM Stables
The PSM accepts:
- USDT
- USDC
- USD1
DUSX staking is the continuous PSM funding path. Treasury seeding can be used to bootstrap liquidity before borrow demand is deep enough.
Oracles
Borrow safety depends on reliable price feeds. Each supported collateral asset needs:
- Correct Chainlink feed address.
- Staleness checks.
- Deviation checks where applicable.
- Conservative handling of eVRX value, priced no higher than redeemable VRX value.
Liquidations
A position can be liquidated when its debt exceeds the safe value allowed by its collateral. The liquidation penalty is the discount or extra collateral transferred to the liquidator during liquidation.
The interface should prevent users from entering positions that are instantly liquidatable. That protection is a UX safeguard; it does not replace contract-level collateral and oracle checks.