Update from Pledge Finance

Looking for testers Update Day 14. 15. 16. & 17.

Day 14

The pool is parking.

Deposit USDG into the stability pool. See the balance. Withdraw it. That is the whole surface.

A liquidator still has to show up. The pool does not pay the debt, and it is not a backstop. If the health factor dies, someone has to liquidate the position. Parking does not do that job.

Code first, then the pool. The contract was already parking-only. The UI now says so.

Day 15

Verification week. Not a pile of new buttons.

Health factor copy sits next to the number, so the number is not a mystery.

Explorer links leave the app. If a reviewer has to trust the landing page, we failed.

Inventory is a surface. Empty means borrow stops on the button, before the transaction.

The liquidator is a small position we keep ourselves. There is no liquidation bot.

AAPL is still not registered. A checked feed is not a live market.

Day 16

One line.

Deposit tokenized NVDA or SPY. Borrow Paxos USDG. Keep the equity.

That is the product. Holders who need dollars, without selling the share.

NVDA stays isolated. SPY stays isolated. We still do not mint USDG. The dollar comes out of inventory the vault already holds.

Day 17

Referrals are an off-chain ledger today. There is no on-chain claim yet.

Referrer: 20% of the referee origination fee.

Friend: 10% off the first borrow fee.

Small size only. The fee already exists. The split stays a ledger until a claim path is real. A referral does not mint USDG.

If you are reviewing Pledge, start on the explorer. Then open pledgedefi.com. The vault is open. No waitlist and no access code. The UI should not be the source of truth.