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Memo 0x42ff93a3…da82c2 on Ethereum

JPEG Morgan is a lending desk for tokenized collateral. A collateral share deposited through LendingDesk draws a principal sized against CollateralOracle's posted valuation, at a rate InterestRateModel computes from pool-wide utilization. A position that falls behind on what it owes becomes fair game for whoever moves quickly to unwind what gets seized.