Overview
RAVA is a liquidation aggregator for RWAs. One feed shows every RWA position eligible for liquidation across Aave, Morpho, and Euler. A liquidator picks one. The RAVA lend pool finances the acquisition at a dynamic loan to value RAVA quotes per opportunity.
The Problem
RWAs sit as collateral on Aave, Morpho, and Euler. When a borrower goes underwater, anyone with stablecoins can liquidate them and seize the collateral at a bonus. In practice, almost no one does. Three reasons.
The collateral is not stablecoins or majors. It is ACRED, MGLOBAL, PEAK. Secondary markets are thin and what liquidity exists tends to dry up in stress, exactly when lenders unwinding bad positions need to exit.
The exit is not on chain. Most RWA tokens redeem at NAV through monthly or quarterly issuer windows. The trade is a duration trade, not a flash trade.
Capital efficiency is bad. To liquidate at scale you need stablecoins sitting idle waiting for the next opportunity.
What RAVA Does
One feed. Every RWA position eligible for liquidation across Aave, Morpho, and Euler. Live discount, live liquidation bonus, live time to next redemption. No protocol switching.
Auto loans. A liquidator opens an acquisition. RAVA quotes a loan to value based on the asset, the venue, the position size, and the redemption schedule. The lend pool funds the loan side. The liquidator posts the rest as collateral.
Risk priced LTV. The offered LTV is underwritten by Ravariant Labs.
Two sides, one loop. Lenders deposit USDC. The pool auto loans to liquidators. Lenders earn loan interest plus a share of realized profit. Liquidators get capital efficient access to RWA liquidation upside.
Who Uses RAVA
Liquidators. Hunters that want exposure to RWA discount capture without sourcing the full size in stablecoins. Hedge funds, prop desks, on chain market makers.
Lenders. USDC depositors who want yield from RWA liquidation flow without picking individual positions or running the trade themselves.
Issuers. Tokenized fund issuers who want their tokens to be liquid collateral on lending venues. RAVA makes liquidations actually happen, which lets venues raise LLTVs with confidence.