3/ Underwriting and ongoing monitoring
Exponent brings in expertise to underwrite every market before launch, following credit analysis used in traditional finance
Once live, markets are continuously monitored, with parameters adjusted as conditions require
AUTO Tranching Market Update
On October 6 at 12:00 UTC, minimum Junior coverage decreases from 15% to 12.5%
Live coverage remains unchanged. The lower minimum expands srAUTO capacity and raises jrAUTO base APY at target utilization
$4K in rewards continue through October 19 ↓