Loan and Pool Records

Every pool and every loan has a record. Pool records hold the parameters that define the strategy — settlement asset, capacity, fee schedule, first-loss commitment, and the current metric set. Loan records hold the terms of each facility: principal, tenor, cost of capital, collateral, covenants, drawdown and repayment history, and status.

The division between what lives on-chain and what lives off-chain is deliberate. On-chain: balances, deposits and withdrawals, deployed principal, repayments, and the state that determines a lender's claim. Off-chain: the Master Loan Agreement, KYC and KYB files, and the underwriting materials that support a credit decision. The on-chain record is the source of truth for positions and settlement; the off-chain record is the source of truth for legal obligation and identity. Each references the other so that a position on-chain corresponds to an enforceable agreement off-chain.