Escrowed, not custodied
The intent is that collateral moves into escrow contracts nobody at Blackbelt can withdraw from, including us. That is a property of contracts that do not exist yet.
NFT lending
A planned surface: peer-to-peer and instant loans priced against onchain collections, with collateral in escrow and terms fixed at origination. None of it is deployed.
There is no escrow contract, no loan contract and no listed collection. A table of collections and floor prices here would be invented, so there is not one.
The intent is that collateral moves into escrow contracts nobody at Blackbelt can withdraw from, including us. That is a property of contracts that do not exist yet.
Principal, rate and duration set when a loan opens and unable to drift afterwards. A default transfers the escrowed asset rather than renegotiating.