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. Sprinter Credit 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 Sprinter Credit. Handles credit line creation, drawdowns, repayments, and liquidations across supported networks.Credit Line
A pre-approved borrowing facility issued by Sprinter Credit, 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 Sprinter 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, Sprinter Credit 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 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 Sprinter Liquidity Hub 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