Within the Roche radius, tidal shear overwhelms a body's self-gravity and it is rendered into a luminous ring. Here that radius is your liquidation threshold. Loop ETH + ROCHE into one position up to three times at 70% LTV; drift past the limit and you are tidally disrupted, repaid, and folded — irreversibly — into the pool's own seed. The pool feeds on what it liquidates.
An orbiting body survives only beyond its Roche radius — the separation at which the primary's tidal gradient exceeds the satellite's gravitational binding. Cross it and the body is shorn into an accretion disk.
ROCHE borrows the boundary verbatim. Your collateral is the satellite; the pool is the primary; your debt is the tidal load. While your binding exceeds the load you orbit indefinitely. The instant it doesn't, disruption is monotonic and irreversible.
Every position carries a health factor read straight from the pool's spot price. Above unity you orbit untouched; the moment it falls below, anyone may call disruption.
Each loop borrows against the last, a convergent geometric escalation of exposure. Three loops at 70% asymptote toward roughly 3.4× your collateral.
Collateral in, loop count chosen. One transaction, settled inside a v4 unlock.
The reserve lends against collateral, up to 70% per loop.
Pair, deposit, borrow again — recursion, up to thrice.
A soulbound ERC-6909 position. Yours until disruption.
Disruption is not extraction. Debt is repaid, a thin bounty paid, and the residual equity is re-minted as permanent seed liquidity the bytecode cannot release.
A strictly monotonic accumulator: every liquidation deepens the pool, tightens the spread, and amplifies the fee current through the hook that consumed it. It is engineered to feed on volatility.
The shearing of a leveraged position once its LTV exceeds the threshold; analogue of a satellite torn within the Roche radius.
Non-transferable by construction. Positions can be opened and disrupted, never sold, lent, or moved. The risk you take is the risk you keep.
The closest approach of your health factor to unity — the point of maximum tidal load before disruption becomes inevitable.
The luminous moment of liquidation: equity stripped, repaid, and re-radiated into the pool's permanent seed.