So what happens when you default ?
We don't liquidate a position. We burn the history.
Your address is marked permanently. Your Patina goes to zero and never comes back.
You can open a new wallet tomorrow. You can't open one from 2019.
$PTNA is launching soon on @RobinhoodCrypto.
Every onchain credit protocol is trying to build a better score.
None of them made defaulting expensive.
That's the real problem. Patina collateralizes the one thing that can't be bought, borrowed or flash-loaned: your time.
Built on @RobinhoodCrypto.