> ## Documentation Index
> Fetch the complete documentation index at: https://docs.stratareserve.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Credit

> Asset-backed credit origination and underwriting against real collateral.

The **Credit** engine originates asset-backed credit against real collateral. It
is a fork of **Silo v3**, extended with Strata's shared oracle, risk, and
registry layers so that credit markets share the same risk framework as the rest
of the system.

## What it does

<CardGroup cols={2}>
  <Card title="Origination" icon="building-columns">
    Stand up credit facilities backed by asset economics — royalty streams,
    private credit, and commodity collateral.
  </Card>

  <Card title="Underwriting" icon="magnifying-glass-chart">
    Risk-config registries and oracle adapters drive collateral valuation and
    loan-to-value targets per asset class.
  </Card>

  <Card title="Real collateral" icon="vault">
    Loans are secured by real assets and asset economics — not projections —
    addressing the weak-collateral problem in conventional private credit.
  </Card>

  <Card title="Composable settlement" icon="link">
    Credit positions settle in srUSD and compose with the Markets engine for
    liquidity and structured exposure.
  </Card>
</CardGroup>

## Loan-to-value by asset class

Credit is conservative and asset-aware. Representative LTV / collateral targets:

| Asset type      | Collateral ratio (CR) |
| --------------- | --------------------- |
| Vaulted silver  | 125–150%              |
| Gold            | 150–200%              |
| Royalty streams | 500–800%              |
| Private credit  | 600–1000%             |

<Note>
  Ratios are illustrative and set per asset by the shared risk framework. Higher
  ratios reflect less-liquid or longer-duration collateral.
</Note>

<Card title="The shared risk framework" icon="gauge" href="/protocol/architecture">
  Oracle adapters and risk-config registries are built once and used by every
  engine, including Credit.
</Card>