Chapitre II · Pratique
Flash and credit, drawn in elevation.
One stack offers the same router, the same strategy graph, and the same reconciliation pipeline regardless of which side the capital came from.
§ 03 — Pratique · the two primitives
Flash and credit, drawn in elevation.
One stack offers the same router, the same strategy graph, and the same reconciliation pipeline regardless of which side the capital came from.
FLASH · atomique
CRÉDIT · durable
§ 05 — Garde · the vault
Capital under glass.
The credit vault is organized as a tiered collateral hierarchy. Tier I assets carry the tightest haircuts and the shallowest liquidation bands; lower tiers widen both, reflecting liquidity depth and oracle confidence.
Collateral factors are reputation-weighted: attested counterparties receive modest capital efficiency improvements that are bounded, published, and revocable through governance.
Liquidation proceeds in a disclosed cascade: health-factor breaches trigger Dutch-style auctions tiered by asset class so that no single liquidator can monopolize the book.