Roles in AlphBanx

Borrower

• Deposits ALPH as collateral to mint ABD

• Chooses interest rate tier when borrowing

• Must maintain CR ≥ 200% or face liquidation

• Can repay loan at any time to reclaim collateral

• May have their vault repaid (redeemed) by other users if ABD is redeemed for ALPH

In a redemption event, borrowers with the lowest interest rate loans are prioritized. If your vault is selected for redemption, a portion of your collateral is used to repay ABD burned by the redeemer, but your total value remains unchanged.

Earn Pool Participant (Stability Provider)

• Deposits ABD into auction pools (5%, 10%, 15%, 20%)

• Earns borrowing fees and discounted collateral from liquidations

• Passively contributes to system stability

Liquidator (Triggering Role)

• Anyone can initiate liquidation when CR < 200%

• Triggers auctions to protect the protocol

• Does not need to hold any tokens

ABX Staker

• Stakes ABX tokens to earn protocol fees

• Shares fees from minting, borrowing, redemptions, and liquidations

• Aligned with long-term protocol health