Margin accounts
Token custody and account-level debt.
Lending pools and vTokens
Supply, borrowing and how vToken receipts grow.
Health factor and liquidation
Collateral valuation and how liquidation resolves debt.
Rates and prices
The interest-rate curve and the Reflector-backed oracle.
Registry
Permitted assets, contracts and controllers.
Composable leverage
Deploying borrowed capital into Blend, Soroswap and Aquarius.

