Collateralization under stress
Maple Finance's assessment for RD-F-068 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Average collateralization 160%+ across product categories (Modular Capital April 2025). Blue Chip: BTC/ETH only. High Yield: broader altcoin basket. Off-chain margin call + 24h cure window before liquidation. Under 50% collateral drop stress: 160% initial ratio falls to ~80%, below 100% if cure is not executed in time.
Detail #
Modular Capital (April 2025) states 160%+ average collateralization. More volatile assets are more overcollateralized per Maple risk docs. Liquidation is off-chain: Maple Operations proprietary alert system (3 independent price feeds, 24/7 monitoring), automated margin call notification, 24-hour borrower cure window, then liquidation per legal agreement. Under a -50% collateral stress, a 160% ratio compresses to 80% before off-chain response, creating technical undercollateralization window. Scoring yellow: above 110% under stress only if cure executes promptly; execution risk on off-chain mechanism is non-trivial. No public stress test data available.
Sources #
- URLYield Generation, Underwriting and Risk Management - Maple FinanceMaple yield/underwriting/risk management (margin call mechanism)retrieved 2026-04-27
- Maple: On-Chain Lending Powerhouse - Modular CapitalModular Capital Maple report (160%+ average collateralization)retrieved 2026-04-27
Methodology #
Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.
See the full factor methodology and distribution across all protocols →