CONFIDENTIAL & PROPRIETARY © 2025 Inkwell Finance, Inc. All Rights Reserved. This document is for informational purposes only and does not constitute legal, tax, or investment advice, nor an offer to sell or a solicitation to buy any security or other financial instrument. Any examples, structures, or flows described here are design intent only and may change.
Overview
Borrowing on Leviathan is revenue-backed — your on-chain track record and revenue sources determine your eligibility and terms, rather than traditional collateral. Loans are repaid automatically through RevenueSplitter contracts that capture a portion of your protocol’s revenue at the source.How Borrowing Works
Step-by-Step
Check Your Credit Score
Start by visiting the Credit Reports page to view your on-chain credit score. Your score determines whether you’re eligible to borrow and what terms you’ll receive. If you don’t have a score yet, the system will generate one based on your on-chain history.
Apply for a Credit Line
On the Borrow page, submit a credit line application specifying:
- The amount of capital you’re seeking
- Your intended use of funds (which protocols and strategies)
- The revenue sources that will service the debt
Review Your Terms
Based on your credit score and application, the protocol determines your loan terms:
- Interest rate — determined by your credit tier and pool parameters
- Repayment cap — the maximum total amount you’ll repay (principal + interest)
- Term length — the duration of the loan
- Policy parameters — which destinations and operations your capital can access
Accept and Fund
Review and accept the terms. Once accepted, capital is drawn from the lending pool and deployed into a policy-gated dWallet — giving you operational access within the approved bounds.
Draw Down and Operate
Use session keys to operate within your policy sandbox — trading on approved venues, deploying to approved yield sources, or running your protocol. All actions are verified against your policy before execution.
Credit Scoring and Eligibility
Your on-chain credit score (0–1000) determines your borrowing experience:| Tier | Score Range | Impact |
|---|---|---|
| Excellent | 800–1000 | Best rates, highest limits, longest terms |
| Good | 600–799 | Competitive rates, standard limits |
| Fair | 400–599 | Conservative rates, reduced limits |
| Poor | 200–399 | Limited eligibility, restrictive terms |
| Very Poor | 0–199 | May not qualify |
Policy Limits
During the active phase of your loan, your capital operates within a policy sandbox:- Whitelisted destinations — you can only interact with pre-approved contracts and addresses
- Daily limits — caps on transaction volume to prevent rapid capital extraction
- Function-level controls — specific functions on approved contracts may be restricted
Revenue-Backed Repayment
Loan repayment happens automatically through RevenueSplitter contracts:- A portion of your protocol’s revenue is directed to loan repayment at the smart contract level
- You retain the remainder for operations
- Repayment progress is tracked on-chain and visible in real time
- Once you reach your repayment cap, the loan completes and all restrictions are lifted
Monitoring Your Loan
The Positions page provides real-time visibility into your active loans:| Metric | Description |
|---|---|
| Outstanding Balance | Remaining amount to be repaid |
| Repayment Progress | How much of the cap has been reached |
| Health Factor | Overall loan health based on revenue performance |
| Policy Status | Current policy parameters and any active restrictions |
| Revenue Rate | Recent revenue flow and projected repayment timeline |