Depositors have no direct credit exposure to any individual borrower. All loans originate through decentralised markets where each borrowing position is fully over-collateralised and monitored in real time. The borrower’s obligation is enforced entirely by smart contracts - not by trust or a legal claim - and automatically liquidated in case the margin is breached. If the borrower fails to maintain the required collateral ratio, set at a minimum of 120%, the system automatically liquidates the collateral to repay the loan before any loss can occur.Documentation Index
Fetch the complete documentation index at: https://docs.byzantine.fi/llms.txt
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