Terms
Bridges
Protocols that facilitate asset and data transfer between different blockchain networks. Bridges can be trust-minimized (e.g., ZK-proofs, MPC) or centralized.Collateral
Assets deposited by a user to secure a credit line. Stash values collateral across all supported chains as a single unified portfolio.Credit Account
A guardrailed smart contract that holds issued credit funds and enforces usage constraints defined by the credit policy.Credit Configuration
The financial terms governing a credit line: supported collateral assets, LTV ratios, credit asset, interest rate, term length, and fees. A tighter credit policy can unlock a more favourable configuration.Credit Hub
The core component of Stash V2. Handles credit line creation, drawdowns, repayments, and liquidations across supported networks.Credit Line
A pre-approved borrowing facility issued by Stash, allowing users or agents to draw funds up to a defined limit based on their collateral and credit configuration.Credit Operator
An entity (user, app, or agent) granted access to a Stash credit line on behalf of its owner, subject to fine-grained policy constraints such as allowed actions, amount caps, and co-sign requirements.Drawdown
The act of drawing funds from an open credit line up to the available credit limit.Fill
A fill represents the full lifecycle: Detecting a user intent, borrowing liquidity, executing the transaction, repaying liquidity, and realizing solver and protocol profits.Health Factor
A single number indicating how close a position is to liquidation, calculated as(Collateral Value x Maintenance LTV) / Outstanding Debt. A Health Factor above 1.0 is safe; below 1.0 the position is eligible for liquidation.
Intent Systems
A model where users specify desired outcomes, and solvers or order flow networks execute transactions accordingly.Interop
The ability of multiple blockchain networks to communicate and share information in a seamless, trust-minimized, and permissionless way. This enables assets, smart contracts, and transactions to interact across chains without requiring users to manage complex bridging processes.Liquidation
When a position’s Health Factor drops below 1.0, Stash liquidates as much collateral as needed to restore a healthy position. Partial liquidations are preferred. Liquidators receive a 5% bonus on the collateral they claim.Liquidity Layer
The Stash component that sources and manages the capital required for credit issuance. Liquidity Providers deposit into the Liquidity Hub to earn yield.Liquidity Provider
A participant who supplies capital to the Stash Liquidity Layer in exchange for yield.Loan-to-Value (LTV)
The ratio of a user’s credit limit to the value of their collateral. Each supported collateral asset has its own LTV ratio reflecting its risk profile.Max Credit = Collateral Value x LTV
Maintenance LTV
The maximum LTV a position may reach before becoming eligible for liquidation. Set above the initial LTV to provide a safety buffer.Current LTV = Outstanding Debt / Collateral Value