The repo desk that closes out when trust does
Pignora is a compliant repo rail for tokenized assets on Monad. Your Cleanverse A-Pass tier prices the lending cap, and a credential event mid-term triggers a defined, on-chain closeout. No freeze-and-hope.
Identity rail
CVI
Cash leg
USD CVA
Margin
105%
Deep cap
tier-priced
Four moves,
one rail
Identity is the pricing engine and the enforcement trigger, not a gate. The same bond, different terms, because of who you are verified to be.
Step 1 of 4: identity gate
More verification,
thinner lending cap
The lending cap is a function of the counterparty A-Pass tier, enforced on-chain in the IdentityRegistry.
Maintenance margin 105% · enforced on-chain
Obligation covered
98.49%
Collateral (BOND)
15.1e9
Closeout reason
borrower_2
Settlement
defined
The reference settlement, settled on Monad testnet with real A-Pass-verified parties. Closeout tx 0x10241e21…59ae
Verify it
yourself
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