How it works
Deposit first loss. Get leverage. Liquidate. Share the upside.
Deposit first loss
Your protocol deposits subordinated capital. This is your skin in the game. The amount required per asset updates dynamically every 5 seconds.
Get senior capital
RAVA layers dynamic leverage on top of your first loss. Zero coupon. The allocation is sized by proxy baskets and on chain monitoring in real time.
Acquire at a discount
When RWA tokens need to be liquidated, you have the capital to buy them below NAV. The discount is set by the risk oracle. You are the liquidity layer.
Share the upside
Redeem with the issuer or sell on secondary markets. The spread is your profit. RAVA participates in the liquidation upside as senior capital. Zero coupon. No fees.
Core mechanism
- 01
Protocol deposits first loss
Your protocol wants to be a liquidity layer for RWA liquidations. You deposit subordinated capital. The first loss requirement per asset changes dynamically every 5 seconds based on real time risk.
- 02
RAVA sizes senior capital
We layer dynamic leverage on top of your first loss. The allocation is driven by proxy baskets of publicly traded equivalents and continuous on chain monitoring. More risk, less leverage. Less risk, more leverage. Repriced every 5 seconds.
- 03
RAVA hedges with options
We buy call and put options on the proxy baskets that match each RWA category. Our senior capital exposure is hedged in real time. The cost of hedging is baked into the upside share, not passed to you.
- 04
You are the liquidator
When RWA holders need out, you have the capital depth to buy below NAV. The discount is set by the risk oracle. You are the liquidity layer these assets have never had.
- 05
Upside, not interest
Zero coupon senior capital. No periodic interest. Instead, RAVA participates in the upside of each liquidation. Your first loss tranche absorbs losses first. We share the profits, not the downside. Aligned incentives.
How it fits together
Protocol Vaults
Your protocol deposits first loss capital. RAVA layers senior capital on top. You get dynamic leverage to acquire RWA tokens at a discount. Zero coupon. You share the liquidation upside.
Risk Engine
Senior capital allocation per asset is driven by proxy baskets and on chain monitoring. RAVA hedges exposure with options on proxy baskets in the same asset category. Repriced every 5 seconds.
How we size
your leverage
Proxy CVaR (20%)
Each RWA is mapped to publicly traded equivalents (BDCs, CEFs, mREITs) with decades of return history. The proxy basket drives how much senior capital we allocate and how we size our options hedge.
Be the liquidity layer
You want to be the liquidation layer for tokenized real world assets. You need capital depth. RAVA gives you dynamic senior capital at zero coupon, repriced every 5 seconds.
Dynamic leverage engine
Deposit first loss capital. Get zero coupon senior capital layered on top. The leverage ratio updates every 5 seconds based on proxy baskets and live on chain signals. No negotiations. No term sheets.
Risk infrastructure
We only underwrite the asset. No guarantor analysis, no borrower credit checks. Proxy baskets, CVaR models, on chain monitoring, options hedging. We built the full risk stack so you do not have to.
Aligned incentives
Zero coupon. No periodic interest. We participate in the upside of your liquidations. Your first loss absorbs downside first. We only make money when you make money. No carry, no management fee, no spread.
Leverage for your protocol.
Zero coupon.
Deposit first loss. Get dynamic senior capital. Acquire RWAs at a discount. Share the upside.