Liquidation is private
Every epoch the ledger checks each position against its line. One that crosses it is sold whole in that epoch's batch, at one price, in the pair's pool. No outside liquidator ever sees it.
Private lending on Zyn
Borrow without
being seen.
Lend ZEC, ETH or SOL. Borrow one against another. Rates and prices are public; who lends, who borrows and how much are not.
- Supplied
- —
- Borrowed
- —
- Positions
- sealed
- Epoch
- —
Prices, checked against Zyn's pools
Each epoch the sequencer posts a price for each asset. If Zyn's own pool for a pair disagrees by more than 5%, new borrowing in that pair pauses. Repaying, adding collateral and liquidation carry on.
Before you lend or borrow
Losses fall on lenders
If collateral sells for less than the debt, the shortfall is bad debt. It lowers the value of every share in the pool that lent the asset.
Private from the public
Positions are hidden from everyone watching the chain. The sequencer and replicas can read them, because they have to check them. Prices are posted by the sequencer, bounded by the pools.
Your positions
Positions are notes only your Nap can open. Nothing on this page, and nobody watching the chain, can see them.