Liquidity and positions
Blend’s bToken and dToken balances are internal shares. Its core pool does not
expose them as freely transferable receipt tokens. XOXNO also uses internal
balance accounting; the account NFT transfers control of the complete position.
Risk and administration
XOXNO applies spoke-specific collateral and borrowing settings to accounts using shared markets. Borrowing and withdrawals with debt must pass an LTV limit and a health-factor check. A health factor below 1 makes the account eligible for liquidation. Blend uses collateral and liability factors within each pool. Anyone can deploy a pool with its own supported assets, oracle, and risk parameters. Pool admins can change supported settings within Blend’s contract limits. Check Blend’s documentation for current change delays. XOXNO uses designated administrative roles and a configurable timelock for most changes. Emergency restrictions can take effect immediately; reopening requires a delay. See governance.Liquidations and losses
A backstop is not an insurance policy or a guarantee of full recovery.
Liquidations explains XOXNO settlement and fees.
XOXNO collateral with fewer than three decimals must be the account’s only
supplied market. It cannot be borrowed or used for flash loans. See
low-decimal restrictions.