Using RAVA assets as collateral.

cHY is a plain ERC20, so a lending protocol can list it like any token. This page is the checklist for doing that safely.

The asset.

A plain token with a live market price, dated to its window. It cannot be worth more than the escrowed dollar behind it, and its settlement value is bounded by the window's floor and cap. Price in the settlement date.

The checklist.

• Price from a time weighted average price (TWAP), then discount further.
• Start in isolation: low loan to value, strict supply cap.
• A stale price switch that blocks new debt.
• A supply cap tied to what a liquidation can actually sell.
• A tested route to sell or merge seized collateral.
• Raise limits only after depth and liquidations prove out.

Two notes.

A lending market is a convenience, not the way to bet on stress; that bet is buying stress shares. The stress token itself is poor collateral by design: it bleeds in calm. Each protocol sets its own terms; RAVA cannot require acceptance.