Block Street 백서 전문

The asset you want to borrow has no liquidity What happens if I don't repay my loan? Interest continues accruing If collateral value drops, you risk liquidation No fixed repayment schedule or late fees Loan remains open indefinitely until repaid or liquidated Liquidations When can I be liquidated? When your Health Factor drops below 1.0 due to: Collateral value decreasing Borrowed amount increasing (interest accrual) Oracle price updates How much can be liquidated? Up to the configured close factor of your debt per liquidation transaction. The liquidator repays your debt and receives your collateral plus a configurable liquidation incentive. How can I avoid liquidation? Keep Health Factor above 1.5 Supply more collateral Repay portion of your loan Monitor collateral prices Set up price alerts Can I stop a liquidation in progress? No, liquidations are atomic transactions that complete instantly. Focus on prevention by maintaining safe ratios. Interest Rates Why do interest rates change? Rates adjust automatically based on supply and demand: More borrowing → Higher rates More supply → Lower rates Algorithm ensures liquidity availability What is the interest rate model? Block Street uses a Jump Rate Model: Gradual increase up to 80% utilization Sharp increase above 80% to ensure liquidity Updates every block Are there fixed-rate loans? No, all loans have variable rates that change with market conditions. Monitor your rates regularly. Tokenized Stocks What tokenized stocks are supported? Support varies but may include: Major indices (SPY, QQQ) Large-cap stocks (AAPL, TSLA, AMZN) Check the app for current listings How are tokenized stock prices determined? Prices come from Chainlink and Pyth oracles, which aggregate data from multiple sources including traditional markets. Can I trade tokenized stocks 24/7? You can supply and borrow 24/7, but price updates may pause during traditional market closures. Security & Risks Is Block Street safe? While audited and tested, no DeFi protocol is risk-free. Main risks: Smart contract vulnerabilities Oracle manipulation Market volatility Liquidation risk How does the protocol protect user funds? Our smart contracts undergo rigorous third-party audits by top security firms. Audit reports are publicly available in our Security section. What happens if the protocol is hacked? Emergency pause activated Assessment of damage Recovery plan implemented Insurance fund may cover losses See Risk Management Is my money insured? No government deposit insurance (like FDIC) exists. The protocol has: Insurance fund from reserves Third-party insurance integrations under evaluation Security measures to prevent issues What if an oracle fails? Multiple oracle sources for redundancy Fallback mechanisms activate Conservative price used if oracles disagree Manual intervention possible if needed Platform Features & Access When will the full liquidity / trading layer be rolled out? We are currently piloting the protocol with institutional partners. Full retail access to the liquidity layer is planned to follow shortly after. If I supply stablecoins, is there a mandatory lock-up period before I can withdraw? No — there is no waiting period for withdrawals after supplying stablecoins. Which stocks will be supported initially? We will begin with large-cap, highly liquid U.S. equities and ETFs. Our initial supported list will be published shortly. Why is my region restricted? Which IP addresses are permitted? Access is restricted for users in the U.S. and American Samoa to adhere to SEC regulations. IPs from non-U.S. jurisdictions are allowed; U.S. IPs will be blocked at the network or geolocation level. Why can't I redeem my own MON? You can redeem the same amount of MON you originally deposited. MON acquired through the platform cannot be withdrawn beyond your initial deposit — this is by design during the current phase. How can users verify their tokenized stock is real? Tokenized stock trading is currently in testnet. On-chain verification will be available when the full trading layer launches. Where can I check all transactions? The app does not yet include an in-app transaction history. You can view your transactions on the relevant blockchain explorer (e.g., Etherscan or BscScan). Technical Questions What is the contract address? Contract addresses are available in our technical documentation. How can I verify the contracts? All contracts are verified on the respective blockchain explorers. Can I integrate Block Street into my app? Yes! Integration documentation is available in our Technical Documentation . Is the code open source? Core protocol contracts are open source and available on GitHub . Fees & Costs What fees does Block Street charge? Protocol Fee : Configurable percentage of interest spread (paid by borrowers) No deposit fees No withdrawal fees Liquidation penalty : Configurable incentive (paid by liquidated borrowers) How much are gas fees? Gas fees vary by network. Typical transaction costs: Supply/Withdraw: $0.15-0.30 Borrow/Repay: $0.20-0.35 Enable collateral: $0.10-0.20 Are there hidden fees? No hidden fees. All fees are transparent and shown in the UI before transactions. Troubleshooting Transaction failed - what happened? Common reasons: Insufficient gas (increase gas limit) Slippage too high (for liquidations) Asset not enabled as collateral Borrowing more than allowed Pool has insufficient liquidity Why is my transaction pending? Network congestion Gas price too low Wait or speed up with higher gas I can't see my supplied assets Check you're on the correct network Refresh the page Check your wallet is connected Clear browser cache The app isn't loading Check internet connection Try different browser Clear cache and cookies Disable ad blockers Check our community channels for incident updates Getting Help Where can I get support? X/Twitter - Latest updates and announcements Discord - Community chat Telegram - Real-time community support Medium - Articles and insights Email : support@blockstreet.money How do I report a bug? Security issues: security@blockstreet.money Bug bounty: Available for security researchers General bugs: Community #bug-reports Where can I provide feedback? Community forums Governance forum X Email feedback@blockstreet.money Can't find your answer? Join our community forums! FAQ Glossary ## /docs/resources/glossary Glossary A APR (Annual Percentage Rate) The simple yearly interest rate without compounding. In DeFi, most protocols show APY instead. APY (Annual Percentage Yield) The yearly interest rate including the effect of compounding. Block Street compounds interest continuously with each block. Audit Security review of smart contracts by specialized firms to identify vulnerabilities before deployment. B Blockchain Networks Block Street operates across multiple blockchain networks, each offering different benefits for users. Borrow APY The annual interest rate borrowers pay on their loans, variable based on market utilization. Borrowing Power The maximum amount you can borrow based on your supplied collateral and their collateral factors. BToken Receipt tokens received when supplying assets to Block Street (e.g., bUSDT, bTSLA). These tokens automatically accrue interest. C Close Factor The maximum percentage of a loan that can be repaid in a single liquidation, configurable between 5% and 90%. Collateral Assets supplied to the protocol that secure your borrowing positions. Collateral Factor The percentage of supplied value that counts toward borrowing power. For example, TSLA has a 70% collateral factor. Compound Protocol The lending protocol that inspired Block Street's architecture, pioneering the pooled lending model. D DeFi (Decentralized Finance) Financial services built on blockchain technology without traditional intermediaries. DEX (Decentralized Exchange) Automated trading protocols like PancakeSwap where assets can be swapped without intermediaries. E Exchange Rate The conversion rate between BTokens and their underlying assets, which increases as interest accrues. G Gas Fees Transaction costs paid to blockchain validators, varying by network. Governance The process by which protocol parameters and upgrades are decided by token holders. H Health Factor A measure of loan safety. Above 1.0 means safe from liquidation; below 1.0 triggers liquidation. Hybrid Liquidation Engine Block Street's dual-path liquidation system using both DEX and offchain broker networks. I Interest Rate Model The algorithm that determines supply and borrow rates based on market utilization. J Jump Rate Model An interest rate model with a sharp increase at high utilization to maintain liquidity. K Keeper Automated bots that perform protocol maintenance tasks like price updates and liquidations. L Liquidation The process of selling collateral to repay an under-collateralized loan. Liquidation Incentive The configurable bonus liquidators receive for repaying under-collateralized positions. Liquidation Threshold The collateral ratio at which a position becomes eligible for liquidation. Liquidity Available assets in the protocol that can be borrowed or withdrawn. LTV (Loan-to-Value) The ratio of borrowed amount to collateral value. M Market A lending/borrowing pool for a specific asset on Block Street. MEV (Maximal Extractable Value) Profit opportunities from transaction ordering, relevant for liquidations. Multisig A wallet requiring multiple signatures for transactions, used for protocol security. O Oracle External data providers (Chainlink, Pyth) that supply asset prices to the protocol. Over-Collateralized Requiring collateral worth more than the borrowed amount to secure loans. P Price Feed Real-time asset price data from oracles used for collateral valuations. Protocol Fee The configurable share of interest spread that goes to Block Street reserves. R Reserve Factor The percentage of interest that goes to protocol reserves rather than suppliers. Risk Parameters Settings like collateral factors and liquidation thresholds that manage protocol risk. S Slippage Price difference between expected and executed trades during liquidations. Smart Contract Self-executing code on the blockchain that powers Block Street's operations. Supply APY The annual interest rate earned by suppliers, variable based on utilization. T Timelock A delay mechanism for admin changes, providing time for users to react. Tokenized Stocks Blockchain representations of traditional equities that can be used in DeFi. TVL (Total Value Locked) The total value of all assets supplied to the protocol. TWAP (Time-Weighted Average Price) An average price over time used for oracle price smoothing. U Underlying Asset The actual token supplied to Block Street, as opposed to the BToken received. Utilization Rate The percentage of supplied assets currently borrowed, key driver of interest rates. V Variable Rate Interest rates that change based on market conditions, as opposed to fixed rates. Volatility Price fluctuation of assets, important for liquidation risk. W Wallet Software (MetaMask, Trust Wallet) or hardware device for managing blockchain assets. Web3 The decentralized internet built on blockchain technology. Y Yield Returns earned from supplying assets, expressed as APY. Yield Farming Strategy of maximizing returns by moving assets between different DeFi protocols. Need a term explained that's not here? Ask in our community forums. FAQ Audits ## /docs/resources/audits Audits Security Audit Overview Block Street prioritizes security through comprehensive auditing by leading security firms and continuous monitoring. All audit reports are publicly available below. Aqua Finance Audits SlowMist — Smart Contract Security Audit Auditor : SlowMist Date : October 31, 2025 Scope : Aqua Finance executor and security contracts Findings : 22 total — 3 High, 5 Medium, 6 Low, 7 Suggestion, 1 Information Report : View Full Report Binenet — Smart Contract Audit V2.0 Auditor : Binenet Date : October 9, 2025 Scope : BlockStreet Aqua Project smart contracts on BNBChain Findings : 8 total — 0 High, 2 Medium, 6 Low Status : ✅ All findings fixed Report : View Full Report Everst Protocol Audit CertiK — Security Assessment Auditor : CertiK Date : August 6, 2025 Scope : Everst lending protocol (EVM Compatible, Solidity) Findings : 5 total — 0 Critical, 1 Major, 2 Medium, 0 Minor, 1 Informational, 1 Centralization Report : View Full Report Ongoing Security Measures Continuous Monitoring Real-time security monitoring Automated anomaly detection Emergency response procedures Regular security assessments Security Best Practices Multi-signature governance Time-locked admin functions Emergency pause mechanisms Formal verification for critical components Security is our top priority. All audit reports are publicly available for transparency. Glossary Security Overview ## /docs/security Security Overview Our Security-First Approach Block Street prioritizes the safety of user funds through comprehensive security measures, regular audits, and battle-tested architecture. We believe security is not just a feature but the foundation of trustworthy DeFi. Smart Contract Audits Completed Audits Block Street smart contracts undergo comprehensive security audits by leading firms before deployment. All audit reports are publicly available for transparency. SlowMist — Aqua Finance executor and security contracts (Oct 2025, 22 findings) — View Report Binenet — Aqua smart contracts on BNBChain (Oct 2025, 8 findings, all fixed) — View Report CertiK — Everst lending protocol (Aug 2025, 5 findings) — View Report For detailed audit information, see the Audits page. Ongoing Security Continuous monitoring via Forta Network Quarterly security reviews Automated vulnerability scanning Community bug reporting program Bug Bounty Program We maintain an active bug bounty program to incentivize responsible disclosure of vulnerabilities. Reward Tiers Bug bounty rewards are based on severity: Critical Severity Fund loss vulnerabilities Protocol insolvency risks Oracle manipulation attacks High Severity Temporary fund lock issues Governance vulnerabilities Access control bypasses Medium Severity Economic inefficiencies Front-running vulnerabilities Information leakage Low Severity Code quality issues Gas optimizations UI/UX vulnerabilities Specific reward amounts vary based on impact and quality of disclosure. Responsible Disclosure Report vulnerabilities to security@blockstreet.money Include detailed reproduction steps Allow 30 days for resolution before public disclosure Technical Security Measures Multi-Layer Oracle System Block Street uses redundant price feeds to prevent manipulation: Primary : Chainlink decentralized oracles Secondary : Pyth Network high-frequency feeds Fallback : Time-weighted average prices Circuit Breakers : Automatic pause on extreme deviations Access Controls Timelock Contract All administrative actions require a 48-hour delay, allowing users time to react to changes. Multi-Signature Wallet Critical functions require 3 of 5 signatures from geographically distributed key holders. Role-Based Permissions Owner: Protocol upgrades and parameter changes Guardian: Emergency pause capability Keeper: Routine maintenance operations Emergency Procedures Pause Mechanism The protocol can be paused in emergencies to prevent further damage while maintaining user fund safety. Gradual Rollout New features deploy with conservative limits that increase over time as safety is proven. Insurance Fund Protocol fees contribute to a reserve fund for potential incident response. Operational Security Code Practices All code open-sourced on GitHub Comprehensive test coverage (>95%) Formal verification for critical functions Regular dependency updates Static analysis on every commit Infrastructure Security Distributed keeper infrastructure Redundant RPC endpoints DDoS protection for web interfaces Regular security training for team Incident response procedures Third-Party Dependencies All external contracts and libraries undergo thorough review: OpenZeppelin contracts for standard implementations Chainlink and Pyth for oracle services Audited bridge contracts for cross-chain assets Risk Mitigation Strategies Conservative Parameters We maintain conservative risk parameters compared to other protocols: Lower maximum LTV ratios Higher liquidation incentives Gradual parameter adjustments Supply and borrow caps per asset Liquidation Safety Our hybrid liquidation engine reduces cascade risks: Configurable close factor (5-90%) limits per-liquidation impact DEX and OTC paths for execution flexibility Keeper redundancy prevents liquidation delays Dynamic incentives based on market conditions Market Risk Management Isolated markets for new assets Correlation analysis between assets Stress testing under extreme scenarios Real-time risk monitoring dashboard Historical Security Record Since launch, Block Street has maintained a perfect security record: Zero funds lost to exploits 100% uptime for core functions All user funds always accessible Successful handling of market volatility Security Best Practices for Users Wallet Security Use hardware wallets for large amounts Enable transaction signing verification Keep private keys offline Use separate wallets for different activities Transaction Safety Verify contract addresses before interacting Check transaction details before signing Start with small test transactions Monitor your positions regularly Phishing Protection Only use official Block Street URLs Verify SSL certificates Never share private keys or seed phrases Be suspicious of unsolicited messages Reporting Security Issues If you discover a security vulnerability: Do Not disclose publicly Email security@blockstreet.money immediately Include detailed information and steps to reproduce Encrypt sensitive details using our PGP key Await confirmation and work with our team PGP Key Fingerprint: [Available on request] Insurance Options While Block Street maintains internal reserves, users can obtain additional coverage: Protocol Coverage Providers Nexus Mutual InsurAce Unslashed Finance Coverage typically includes: Smart contract failures Oracle manipulation Governance attacks Protocol insolvency Compliance and Regulations Block Street maintains high compliance standards: Regular legal reviews Geographical restrictions where required Anti-money laundering monitoring Transparent governance processes Stay Informed Keep up with security updates: Security Blog X Security Updates Community Forum Announcements Email alerts for critical updates Security is our top priority. If you have any concerns or questions, please contact security@blockstreet.money . Audits Team ## /docs/security/team Team Block Street is founded by a team of experienced builders with backgrounds in both traditional finance and crypto. The team includes engineers and operators from leading hedge funds, technology companies, and DeFi platforms—bringing deep expertise in risk, trading systems, and scalable blockchain infrastructure. Prior to Block Street, team members contributed to high-performance trading platforms, launched L1 blockchains, and built successful startups that reached unicorn status. This combination of TradFi rigor and crypto-native innovation positions Block Street to deliver capital-efficient infrastructure for tokenized assets at global scale. Security Overview Terms of Use ## /docs/legal/terms-of-use Terms of Use Last Modified: