Markets
Borrow against tokenized stocks. Every limit is backed by buyers who have already escrowed USDC. NEAR testnet, mock collateral.
Market details
Cramér limit (PRD §4.2)
Bc = min( LTVc · Vc , (1 − hc) · (Qc + Rc + Dc) )
Config: LTV 70 %, haircut 10 % in session / 25 % weekend, base 40 %.
- Vc
- collateral units × oracle price (× multiplier on v2)
- LTVc
- max_nectar_ltv_bps (owner-set ceiling)
- Qc
- committed quotes: live Pappus quote remainders for the asset
- Rc
- Nectar Reserve: pooled USDC per asset, deployed on nectar-core-v2; the value is read from get_exit_capacity (r_usd_e6)
- Dc
- verified DEX depth; 0 outside the market session
- hc
- base haircut in session, weekend haircut otherwise
1Click reference depth
Dry quotes only (dry: true, no deposit) at 0.5×, 1× and 2× of the reference notional. Impact = 1 − rate(n) / rate(0.5×) from amountOut; worst case uses minAmountOut. Reference pairs, not the mock collateral.
Settlement history
OutLayer execution links appear only when the Feed API reports one for that settlement.