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Oracle type

Every market prices collateral through an oracle. The type decides how a depeg affects you:

nav

Prices by redemption / net asset value. A DEX depeg won’t liquidate you — the position tracks the collateral’s underlying value.

market

Prices from a market feed. A depeg can liquidate you even if the collateral still redeems 1:1. Weigh against ltvPct.liquidation headroom.
For a correlated stable loop with a nav oracle, liquidation risk largely collapses to a single question: does the collateral hold its peg? That’s the same risk a passive lender in the same market already carries.

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Exit liquidity

exitLiquidity.slippagePct is measured per USD size:
  • A number is the slippage to unwind at that size (negative = price improvement).
  • null = no route at that size.
  • maxLeverage is derived from this — it’s a liquidity bound, not a safety bound.
High headline APY on a market-oracle strategy with thin exit liquidity is a trap: the yield is real on paper but unreachable at size, and the position can liquidate on a temporary depeg. Always read oracle type and exit liquidity together.