cerb-loans.htm - OHMVAULT 95_✕
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OHMVAULT Buy $CERBERUS
Ethereum · $CERBERUS loans

Get OHMV without selling your CERB

Lock your $CERBERUS here and borrow OHMV against it. Pay the OHMV back whenever you like and all your CERB comes back to you. Got spare OHMV instead? Lend it here and earn interest.

1

Lock CERB

Say you lock 10,000,000 CERB. It stays yours, held in the loans contract.

2

Get OHMV

You can take up to -- right away and use it for anything: staking, buying more CERB, or swapping to OHM or ETH.

3

Pay back, unlock

Return the OHMV plus a little interest (-- a year right now) and take your CERB back. No deadline.

You could borrow--for every 10,000,000 CERB you lock
CERB price now--in the CERB/OHMV pool
Interest you pay--per year, right now
Interest lenders earn--per year, right now
OHMV ready to borrow--OHMV not lent out yet
Already borrowed--of the lenders' OHMV

Borrow or lend

Lock CERB, get OHMV

not connected

Wallet: --

Max fills in the most you can take. Taking less keeps you further from the red line.

40%: the most you can take60%: part of your CERB gets sold
CERB locked
--
What it would sell for now (after the 4% tax)
--
You'll owe
--
Bar position
--
Red line: CERB price would have to fall to
--
Interest
--

    Your loan

    CERB you locked
    --
    You owe
    --
    Bar position
    --
    You can still take
    --
    Red line (CERB price)
    --

    Leave the box empty to pay back everything. "Take some CERB back" returns the amount you type in box 1, as long as your loan stays under 40%. You can pay back any time; there is no deadline.

    How it works

    If you borrow

    You lock CERB and take OHMV. You keep your CERB position, so if CERB goes up, it's still yours. Pay the OHMV back plus interest, whenever you want, and unlock your CERB.

    If you lend

    You put in OHMV. Borrowers pay interest on what they take, and you get 90% of it. Take your OHMV out whenever it isn't lent out at that moment.

    The Kennel

    The other 10% of all interest goes to the Cerberus Kennel. It's booked as an ordinary lender's share, so it grows and shrinks exactly like yours and is never paid ahead of you. When it's cashed out, the Kennel stakes it in OHMV staking forever, and those rewards go to everyone who stakes CERB. So every loan feeds CERB stakers a little.

    Why the limit is 40%

    CERB has no floor. Its only market is the CERB/OHMV pool, so the contract values your CERB at what selling it into that pool would pay right now: after the 4% tax, and after the price drop your own sale would cause. A big bag is worth less per CERB than a small one, exactly like a real sale.

    you can borrow = 40% × what your CERB would sell forreading…

    Prices come from the contract's own record of the pool: a price sample at most once a minute, taken by every loan action and by the keeper every few minutes. Two 30-minute averages come out of it. Borrowing uses the lower of the live price and the cautious average, so a pump can't stretch your limit. Liquidations use the plain average, so one dump can't trigger them.

    Memecoins move fast, so the limit is low on purpose. Your loan only gets into trouble if your CERB's sale value drops by about a third after you borrow the maximum, and that drop has to hold for a while.

    What happens if things go wrong

    • When can my loan get into trouble? If the CERB price falls a lot and stays down, or if you leave the loan open long enough for the interest to pile up. Either one moves your bar towards the red line.
    • What happens at the red line (60%)? A bot sells a part of your locked CERB into the pool, only enough to bring you back to 35%, and uses it to pay off part of your loan. The sale pays the normal 4% tax. The rest of your CERB stays locked and stays yours.
    • Can one big trade trigger it? No. The red line is checked against the 30-minute average, and the sale is refused if the live price is more than about 10% under the last price sample. One dump, or a dump-and-sell sandwich, can't sell your CERB at a crashed price.
    • How do I stay safe? Take less than the max, watch your bar, and pay back some OHMV or lock more CERB if it gets close to the red line.
    The exact rules
    Most you can borrow40% of sale valueWhat the CERB would sell for after the 4% tax and its own price impact, on the lower of the live pool and the cautious 30-minute average (each stretch between samples counts at its lower end).
    Red lineabove 60%Measured on the plain 30-minute average, and only while the live price is no more than about 10% under the last price sample from an earlier block.
    Warm record3 samples / 30 minBorrowing, taking CERB back while you owe, and liquidations all need at least 3 price samples in the last 30 minutes. A keeper bot run by OHMVAULT takes samples; anyone can take one.
    How much is soldback to 35%Only enough CERB to bring the loan back to 35%, counting the tax and the sale's own effect on the pool. If that's impossible, all of it is sold: debt first, then the caller, then the rest to you. If the sale would leave less than 1,000 OHMV owed, it repays the whole loan instead.
    Who sellsanyoneThe caller earns 1% of the sale. A keeper bot run by OHMVAULT watches every loan and sends privately through Flashbots. The sale goes through the Cerberus router like any trade.
    Total cap15% of the poolAll loans together can't exceed 15% of the OHMV in the CERB pool, so the pool can always absorb the liquidations.

    What it costs

    The interest depends on how much of the lenders' OHMV is borrowed. When plenty is free, it's 5% a year. If almost all of it is borrowed, the rate climbs fast, up to 80%, so borrowers pay back and lenders can get their OHMV out. No one can change these numbers; they're fixed in the contract.

    Lenders' OHMV borrowedBorrowers pay per yearLenders earn per year
    0%5%0%
    40%10%3.6%
    80%15%10.8%
    90%47.5%38.5%
    95% (no more borrowing)63.8%54.5%

    Risks

    • Borrowers: CERB is a meme coin. If its price falls and stays down, or you let interest build up, part of your CERB gets sold. You never owe more than what you locked.
    • Lenders: you can lose if CERB crashes so fast and so far that the 30-minute average can't catch up before the CERB behind a loan is worth less than the loan. All loans together are capped at 15% of the pool's OHMV, and any loss is public on-chain as badDebt. The higher rates are the price of that risk.
    • Leaving early: when CERB crashes, a loan can be visibly under water for a while before it can be liquidated (the sale waits for the 30-minute average and refuses dumped prices). A lender who watches closely can take their OHMV out in that window, and the loss is then shared only by those still lending when it's written off. If you lend, keep an eye on the price, or lend only what you're fine leaving through a crash.
    • Waiting: if most OHMV is borrowed, lenders wait for repayments before taking it out. The high rate exists to bring those repayments in.
    • Locked CERB doesn't earn Kennel rewards: it sits in the loans contract, not in the Kennel. If you want both, lock part and stake the rest.
    • New contract: no owner and no admin. 38 tests, including fuzz tests, attacks on the price record and the fixes from an internal review of the lender accounting, passed, plus an end-to-end run of deploy and keeper on a test chain. A mainnet-fork test is included. There's no external audit. Start small.

    Questions

    Why would I borrow instead of selling?

    You keep your CERB, so you still have it if the price goes up, and you get OHMV to use now. Selling gives you OHMV but your CERB is gone, and you pay the 4% tax.

    Do I need to pay back by a date?

    No. There's no deadline. Interest just keeps adding up while the loan is open.

    What if I never pay back?

    The interest grows until your loan reaches the red line, then part of your CERB is sold to cover it. You can't end up owing more than you locked.

    Why does a bigger bag get a lower limit per CERB?

    Because the limit is what your CERB would actually sell for. Selling a big bag moves the price, so each CERB in it fetches less. That's what a liquidation would get, so that's what the loan is measured on.

    What is "the price record is warming up"?

    The contract only trusts prices it has seen over the last 30 minutes. It needs at least 3 samples in that time. Right after launch, or if nobody touched it for a while, it needs a few minutes. A keeper bot run by OHMVAULT takes samples, and you can press "Take a price sample" yourself.

    Who sets the rates and limits?

    No one. They're written into the contract (40%, 60%, 35%, 1%, 5% / 15% / 80%, 90/10, 95%, 15%) and nobody can change them.

    Loan book

    coming soon

    WalletActionAmountWhen
    No loans yet.