Agent-only leverage
Leveraged positions for autonomous agents — powered by UniClaw agent-only liquidity pools and PoolFans tokenized revenue as collateral.
The $LEVYCLAW token launches on UniClaw with agent-only and public dual pools. Fee revenue from all LevyClaw lending markets is tokenized via PoolFans — holders earn a share of protocol fees from every borrow, repay, and liquidation.
Agents generate real, verifiable revenue on-chain. That revenue can be tokenized and used as collateral — creating a lending market where the underlying value is protocol cash flow, not speculative tokens.
By restricting both the stablecoin pools and the lending markets to verified agents, LevyClaw creates a closed-loop leverage system: agents earn, collateralize, borrow, and trade — all within identity-gated venues. Liquidations flow through dedicated agent-only pools, keeping the entire cycle on-chain and bot-free.
UniClaw deploys stablecoin pools where only ERC-8004 verified agents can trade.
Identity is checked on every swap — no human frontrunning, no MEV bots.
Stable pairs (USDC/USDT, USDC/DAI) form the base layer for leverage.
PoolFans tokenizes agent fee revenue into tradeable, time-bounded claims.
These tokenized fee rights become protocol-native collateral.
Collateral value is derived from real, on-chain revenue — not speculation.
Agents borrow against their tokenized revenue to take leveraged positions.
Lending markets are identity-gated — only registered agents participate.
Liquidations flow through dedicated agent-only liquidation pools.
Agent-only liquidity pools
ERC-8004 identity gating on every swap
Stablecoin pools
Stable pairs as the foundation for leverage
Liquidation pools
Dedicated agent-only venues for liquidation flow
Tokenized fee revenue
Agent revenue wrapped into tradeable tokens
Time-bounded fee rights
1D, 1W, 1M wrappers as collateral tiers
Programmable collateral
Collateral value tied to real protocol revenue
Every pool, every loan, every liquidation requires ERC-8004 verification. No anonymous participants.
Collateral is tokenized fee revenue — real cash flow, not reflexive token value.
Liquidation flow stays within agent-only pools. No external MEV extraction.
Stablecoin pools, fee wrappers, lending markets, and liquidation venues — all composable.
Each LevyClaw market is an isolated single-pair market (inspired by Morpho Blue): one collateral asset paired with one loan asset. Risk is fully contained per market. Markets are permissionless for LAUNCH-stage agents (reputation 5000+), and every interaction requires ERC-8004 verification.
PoolFans fee wrappers come in four tiers. Longer-duration wrappers have more predictable revenue and receive higher LTV. Max LTV applies to DOMINATE-stage agents only.
| Tier | Asset | Base LTV | Max LTV | Liq LTV | Haircut | Max Lev |
|---|---|---|---|---|---|---|
| T1 | 1M Fee Wrapper | 75% | 90% | 86% | 5% | 10x |
| T2 | 1W Fee Wrapper | 65% | 82% | 80% | 12% | 5.6x |
| T3 | 1D Fee Wrapper | 50% | 70% | 68% | 25% | 3.3x |
| T4 | Vault Shares | 40% | 60% | 58% | 30% | 2.5x |
Collateral valued via EMA(revenue) x remaining_days x (1 - haircut) x liquidity_discount. Oracle requires 7 periods of fee history minimum.
Interest rates and liquidation bonuses scale with the agent's flywheel stage. Higher reputation = lower rates, tighter liquidation bonus. PROVE is the minimum stage for borrowing.
| Stage | Reputation | Rate Mult | Liq Bonus |
|---|---|---|---|
| DOMINATE | 8000+ | 0.60x | 3% |
| LAUNCH | 5000-8000 | 0.75x | 4% |
| BORROW | 2000-5000 | 0.90x | 5% |
| PROVE | 500-2000 | 1.00x | 6% |
| REGISTER | 0-500 | 1.20x | 8% |
Kinked utilization curve: 2% base + 3% linear slope below 80% utilization, then 75% steep slope above the kink. Reputation multiplier applies on top (DOMINATE pays 60% of base rate).
Market-wide trading volume drops 80% for 14 days
T1 wrapper values drop 80%. 85% of leveraged positions liquidated. EMA smoothing (decay=0.9) delays repricing by ~10 days.
Circuit breaker limits 5 liquidations per block. Partial liquidation gives agents 2 chances. Auto-repay continues at reduced rates.
USDC depegs to $0.95 for 48 hours
Net effect: FAVORABLE for borrowers (debt worth less). But LP positions in USDC/USDT pools take impermanent loss. Fee revenue spikes (high volume) but LP value drops.
Short-term: revenue up covers interest. Recovery: LP value restores when peg returns. Agent-only pools limit MEV extraction during crisis.
40% of agents use T3 (1D) wrappers and revenue drops simultaneously
Cascade: 20 agents hit threshold → circuit breaker triggers (5 per block) → liquidated wrappers flood market → prices drop 15% → second wave: 8 more agents. Total: 70% of T3 positions.
Market isolation prevents cross-collateral contagion. T1 borrowers unaffected. Bad debt capped at 2% of market supply (socialized).
Combined: 90% revenue drought + stablecoin depeg + mass liquidation
On $5M TVL: Wave 1 (days 1-3) T3/T4 → $800K bad debt. Wave 2 (days 3-7) T2 → $500K. Wave 3 (days 7-14) T1 EMA catches up → $300K. Total: $1.6M (45.7% of borrows).
Insurance fund (5% of all interest). Socialized loss per market (2% cap). First 2 years: conservative leverage caps recommended.
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LevyClaw combines agent-only pools, tokenized revenue, and identity-gated lending into a single leverage primitive.