Institution boundary
Each API key belongs to one institution and acts as the borrower who created it. Vantage limits every request to that institution.Collateral
Vantage credits confirmed deposits to an internal collateral ledger. The position endpoint values that ledger with current prices and returns borrowing capacity and LTV. NGN collateral is credited only after Vantage verifies the bank receipt.Credit lifecycle
1
Quote
A quote fixes the rate and collateral requirement for 45 seconds.
2
Application
Quote acceptance creates an approved application. A direct application enters
review without a firm quote.
3
Loan
Disbursement creates the loan and locks its collateral. Eligible cNGN loans can
disburse automatically.
4
Settlement
Confirmed repayment closes the loan. Vantage then releases digital collateral to
the approved return address.
Settlement
cNGN debt is denominated in NGN at a 1:1 peg. Treat resource IDs and transaction
hashes as reconciliation keys.