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Risk Management

Risk

Layered defense, by design.

Five independent risk layers compose the protocol's solvency story. Each layer addresses a different failure mode — together they keep adverse market events from cascading into protocol-wide loss.

5Independent risk layers — collateral, liquidation, caps, isolation, oracle
Per-marketParameters tuned to the risk profile of each asset
GovernanceAll thresholds adjustable via on-chain RIPs and timelocks

Rheofi pairs configurable parameters with structural safeguards to mitigate lending, liquidity, and oracle risks across every supported market. No single check stands alone — they reinforce each other.

The five layers

Collateral factors

Each asset gets a borrowing-power factor reflecting its quality and liquidity. High-quality assets unlock more borrow; volatile assets stay conservative.

Liquidation thresholds

When a position's health factor drops below threshold, anyone can liquidate. Incentives are calibrated to attract liquidators without over-penalizing borrowers.

Supply & borrow caps

Per-market caps limit concentration. Supply caps prevent any one asset from dominating exposure; borrow caps cap maximum debt against each collateral type.

Market isolation

Higher-risk assets sit in isolated pools. A shortfall in an isolated pool affects only that pool's participants — never the broader protocol.

Oracle redundancy

Multi-source feeds with bound validation, primary/pivot/fallback layering. No single oracle failure can compromise pricing or stall the protocol.

Why this matters

Each layer addresses a distinct failure mode — a bad price, a sudden depeg, a flash-loan attack, a single concentrated borrower. Composed together, they turn isolated incidents into bounded events instead of protocol-wide crises.