Mechanics

How liquidation, pricing and pool share value actually work under the hood.

The rules a loan actually runs on.

• Liquidation Process — what happens when a loan's LTV crosses 80%, the 72-hour timer, and why clearing it means getting below 70% rather than 80%.

• Price Oracle — where the BTC price comes from: several independent feeders, an averaged round that only publishes when they agree, and a five-minute freshness rule the loan contract enforces.

• Tokenomics & Share Value — how a TPF share gains value, and how pool assets are accounted.