Accounts and risk on Stellar Lending

Lending activity is tracked in one account. The account can hold several supplied assets and several borrowed assets at the same time. The protocol checks the whole account before actions that can increase risk.

​

One Account, Many Assets

When you supply for the first time, the protocol opens a lending account for your wallet. You do not receive separate supply or debt tokens. Balances live in the account and move as pool indexes accrue interest. Anyone can repay debt. Only the account owner or an authorized delegate can supply, borrow, withdraw, or manage the account.

​

Spokes

Every account is bound to one spoke. A spoke defines which hub assets can be used and with what risk parameters. For each supported asset, the spoke controls:

• whether the asset can count as collateral;
• whether it can be borrowed;
• supply and borrow caps;
• loan-to-value;
• liquidation threshold;
• liquidation bonus and fee;
• optional oracle override.

There is no category-boost mode in the current account model.

​

How Risk Is Checked

Two checks protect the pool: Borrowing and indebted withdrawals must keep the account inside both limits. Repay and debt-free withdrawals are treated as de-risking flows. See risk parameters and health factor for details.

​

Minimum Collateral While Borrowing

While an account carries debt, collateral must stay above a small USD floor. This keeps tiny positions from creating outsized accounting and liquidation risk.