Apricus Chambers

Overview

Seneca uses an isolated debt model.

Debt against collaterals is independent, meaning that any risk associated with assets in one CDP factory ("Apricus Chamber") does not affect the risk of assets in another.

This stands in contrast to the majority of DeFi platforms, where high-risk assets can pose a threat to the entire protocol. On Seneca, risk remains contained within individual collateral types.

One significant advantage of this approach is Seneca's flexibility when it comes to collateral whitelisting.

Apricus Chambers

As part of the protocol bootstrapping phase, the initial Apricus Chambers will be reserved for assets with high reliability and deep on-chain liquidity to ensure safe and effective protocol and senUSD bootstrapping.