Protocol
Credit
Borrow USDG against CARRY legs in a Morpho market.
What it is
A Morpho market where wrapped CARRY legs are collateral and USDG is the loan asset. Coupons keep flowing to the position while it borrows.
Shares and the pool
LegWrap turns ERC-1155 CARRY units into an ERC-20 per series, which Morpho can accept.
Oracle
The leg is marked by the Treasury mark: notional, reduced by the distance from the latest close to the barrier. A stale equity feed makes the oracle revert, which closes new borrowing.
Market parameters
| Parameter | Value |
|---|---|
| Loan asset | USDG |
| Collateral | LegWrap CARRY shares |
| LLTV | 40% |
| Interest | Morpho adaptive curve |
Using it
Open the Credit page, wrap legs, supply them and borrow. Repay before the series settles.
Contract addresses
Published at launch.