Lending Overview

Borrowers deposit an ODAO whitelisted collateral asset (starting off with SNEK) and receive OADA credit against it. A configuration record defines:

• LTV at origination & liquidation

• Max loan duration (1 month)

• Oracle source

• Max credit per asset

• Liquidation strategy

The system only issues fixed-term loans, but includes a built-in mechanism for refinancing that allows loans to be extended indefinitely unless the protocol chooses to contract liabilities due to system stress or ODAO controlled global parameter updates.