Build on Berrier
Lend against legs
Accept wrapped CARRY legs as collateral.
Why wrap
Most lending markets expect ERC-20. LegWrap issues one ERC-20 per series backed 1:1 by CARRY units.
Wrap
function wrap(uint256 seriesId, uint256 units, address to) external returns (address share);Borrow
Supply the share to the Morpho market and borrow USDG up to the 40% LLTV.
Unwind
Repay, withdraw collateral, unwrap, then redeem the leg after settlement.
What to show a borrower
- Health factor.
- Cushion from the latest close to the barrier.
- Settlement date of the series.