THE BACKTEST

What the rule would have done

A borrower reclaims when the collateral is worth more than the buyback price at expiry, and walks away when it is not. Below, that exact rule applied to real daily prices for the last two years, across every start date.

COLLATERAL

BTCSOLLINKDOGEUNI

ADVANCE RATE

50%60%70%80%100%

Historical repay rate for BTC priced in ETH, by term and buyback premium, at a 80% advance rate.
PREM \ TERM	7D	14D	30D	60D	90D
5%	98	95	89	85	83
10%	97	94	88	81	80
15%	95	91	84	74	77
20%	86	80	71	67	74
25%	55	55	58	59	70

BTC / ETH · 730 DAILY CLOSES · 2024-09-12 → 2026-09-11 · CELL = % OF START DATES THE BORROWER RECLAIMS

Past prices, applied to the contract's actual settlement rule. Not a prediction, and no deal on this protocol has any history yet.

SOURCE: Binance public market data

PAIRS: 5 + ETHUSDT · 1 REQUEST PER PAIR PER DAY

CACHE: SERVER, REVALIDATED EVERY 24H · NO BLOB, NO DATABASE

PRICED IN

ETH, NOT USD

Both legs of a deal are ETH, so the collateral is divided by ETH on the same day.

ASK

ADVANCE RATE × VALUE

The ask as a share of what the collateral is worth on day one. Yours to set.

BUYBACK

ASK × (1 + PREMIUM)

The premium axis. The contract only requires buyback > ask.

RECLAIM WHEN

VALUE(T+TERM) > BUYBACK

The borrower's own interest. The contract reads no price to decide it.

PREM \ TERM	7D	14D	30D	60D	90D
5%	98	95	89	85	83
10%	97	94	88	81	80
15%	95	91	84	74	77
20%	86	80	71	67	74
25%	55	55	58	59	70

PREM \ TERM	7D	14D	30D	60D	90D
5%	98	95	89	85	83
10%	97	94	88	81	80
15%	95	91	84	74	77
20%	86	80	71	67	74
25%	55	55	58	59	70

PREM \ TERM	7D	14D	30D	60D	90D
5%	98	95	89	85	83
10%	97	94	88	81	80
15%	95	91	84	74	77
20%	86	80	71	67	74
25%	55	55	58	59	70