How It Works

Two sides of one loop. Lenders prefund the pool. Liquidators draw on it to acquire discounted RWA collateral.

The Loop

1. Lend. Deposit USDC into the lend pool. Capital sits ready, earning when the next acquisition fires.
2. Spot. A liquidator opens RAVA's Liquidations feed and picks a position eligible for liquidation across Aave, Morpho, or Euler.
3. Auto loan. RAVA quotes a loan to value for the acquisition. The pool funds the loan. The liquidator posts the rest as collateral.
4. Acquire. The venue settles the liquidation. The liquidator receives the collateral at the venue bonus.
5. Exit. The liquidator holds to the issuer next redemption window for NAV, or exits on chain. Profit is split between the liquidator and the pool.
6. Withdraw. Lenders earn loan interest plus the pool's share of liquidation profit. Idle capital is withdrawable at any time.