The Venue
Collateral & haircuts
What you can post as margin, and how much of it counts.
Status
Pre-launch — Moorix is not live yet. Parameters are illustrative and tunable at launch.
All collateral lands in one cross-margined account with volatility-adjusted haircuts. A haircut here is the share of an asset's value that counts as margin.
Collateral table
| Collateral | Haircut | Notes |
|---|---|---|
| USDG | 100% | Settlement asset |
| mUSDG | 95% | The vault's LP token |
| ETH | 90% | |
| Blue-chip crypto | 85% | |
| Stock tokens | 70-80% | Robinhood Chain only: NVDA, TSLA, AAPL, HOOD, SPY, QQQ |
| $MORX | 50% | "Conservative" per the whitepaper |
Illustrative. These figures come from the whitepaper and are tunable at launch. Which blue-chip assets qualify is not specified yet.
Better stock haircuts by rank
| Rank | Stock token haircut |
|---|---|
| Deckhand | 72% |
| Navigator | 75% |
| Captain | 78% |
| Admiral | 80% |
Who sets them
Collateral haircuts are one of the parameters $MORX holders govern. See What lies beneath.