TensionbirdThe debt stays. The ground moves.
A 20% fall in collateral does not reduce your loan by 20%. The same debt rests on a smaller base.
THE CREDIT WIND TUNNEL EST. 2026
Hold your assets.
Know your limits.
FIG. 01 — COLLATERAL LOAD ASSEMBLYISOMETRIC / NOT TO SCALE
STRUCTURAL MARGIN IS A CHOICE.DESIGNED TO EXPLAIN. BUILT TO EXPLORE.
02 / EXPERIMENTAL FLIGHT DECK
Find your breathing room.
Illustrative assets. Your decisions.
No wallet required.
01
A diversified equity example. Illustrative threshold: 70%.
SAMPLE COLLATERAL$10,000
02
0% / no debt75% / high load
03
0% decline−60% decline
LIVE LOAD PREVIEWTEST NOT RUN
40.0%CURRENT LOAN-TO-VALUE
0%100%BORROWING$4,000
COLLATERAL$10,000
MODEL THRESHOLD70%
Ready for a headwind?
Run the test to see how a falling collateral value changes the same borrowing load.
Open the engineering notes ＋
LTV is debt divided by collateral value. The example threshold is where the model flags liquidation risk. Health factor is collateral value × threshold ÷ debt. A lower debt or smaller decline leaves more room.
All prices and thresholds here are teaching assumptions, not quotes or lending terms. The model holds debt constant and excludes interest, fees, oracle delays, stablecoin depegging and liquidation discounts. “Below threshold” does not mean risk-free.
Changing any input invalidates the previous test. No assets are deposited, no wallet is connected, and no credit decision is made.
Filed flight plans 00
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Your first tested plan belongs here.
03 / FIELD NOTESLift comes from
Lift comes from
leaving room.
Different wings. Different limits.
Assets have different risk profiles. Compare the example thresholds instead of treating every position alike.
A plan should survive a question.
Stress it. Adjust it. Save the assumptions. A beautiful number is less useful than an explanation you understand.