Accounting
- Idle AUSD is tracked internally, never read from the token balance, so a donation cannot move the share price.
- The pool uses OpenZeppelin’s decimals offset against the first-depositor inflation attack.
- Lenders can withdraw only idle AUSD; money lent out comes back as borrowers repay.
What lenders earn
The yield fee: 20% of the yield earned by every borrower’s collateral. Borrowers pay no interest.What lenders risk
The collateral ratio crosses 100% at score 72. Above it, a borrower’s limit exceeds their collateral. If such a borrower defaults owing more than their collateral is worth, all of it is seized into the pool and the shortfall is the pool’s loss. Below score 72, a default is fully covered by the seized collateral, unless the vault has lost value since the draw.
On testnet, the pool was seeded with 90,000 AUSD from Agora’s faucet.