Real-world assets are more complex than crypto-vaults based only on an on-chain price, some information is off-chain (at least for now) and discretionary judgment is needed. You can see more details in the covenant forum post and poll .
Still only one pool: New Silver, 4.5M exposure
You can find the covenants definitions in the risk assessment .
Exposure to Florida is now below 30%. Congrats to New Silver for increasing the geographical diversity. I have added average LTV and average ARV. I have checked the low-quality share and it seems correct.
Data is not at month end but on July 8th. We are progressing on the data stack to have clean data but are not there yet.
A DC increase to 20M is proposed.