0ath / Fee Reserve● Shadow Mode Loading wallet…
06 / FEE RESERVE Research preview

0ath Fee Reserve

A proposed, opt-in reserve. LPs who choose to could set aside part of their realised Meteora fees. The reserve would lend that cash against collateral, and borrower interest would be shared with contributors in proportion to what they put in.

No reserve program is deployed. Nothing on this page deposits, lends, borrows or liquidates. Draft settings grant no transaction authority and do not change your Oath or your agents.

How the proposed flow would work

  1. Claim. Your agent claims fees it has already earned.
  2. Allocate. Your policy splits realised USDC fees between hold, compound and reserve. Reserve starts at 0%.
  3. Lend. The reserve lends cash only against collateral, within a liquidity floor and a debt cap.
  4. Share. Borrower interest accrues to contributors by share. Losses would be shared too.

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DEVNET LAB · UNCONFIGURED

Custody test readiness

Local compilation and a local lifecycle test passed. This is not a verified deployed program. A Devnet-only custody prototype for test tokens. It has no loans, prices, interest or liquidations. Test deposits are not Meteora fees and are separate from the receipts above. Saving a draft never triggers it.

  • Program source
    In the repository (custody prototype: deposit, redeem, pause new deposits)
  • Host and on-chain (SBF) build
    Passed locally for this source
  • Local lifecycle test (LiteSVM)
    Passed locally for this source
  • Compiler-generated Anchor IDL
    Not generated
  • Devnet deployment
    Unconfigured
  • Security review
    Not done
  • Vault balances
    Unavailable
  • Wallet signing
    Disabled
  • No Devnet program ID configured.
  • No test token mint configured.
  • No compiler-generated IDL matching a verified deployment.
PROTOCOL ACCOUNTING

Reserve status

  • Reserve cashUSDC held by the reserve and available to lend.
    Unavailable: program not deployed
  • Outstanding loansPrincipal plus accrued interest owed by borrowers. This is the reserve’s receivable.
    Unavailable: program not deployed
  • Supplier sharesEach contributor’s claim on reserve cash plus receivables.
    Unavailable: program not deployed
  • Collateral heldSecures loans. It is not an extra reserve asset on top of the loan it secures.
    Unavailable: program not deployed

No yields, payouts, prices, health factors or liquidations are live, because there is no program to report them.

HYPOTHETICAL · NOT LAUNCH PARAMETERS

Scenario calculator

Every value here is entered by you and is hypothetical. These are not live balances and not proposed risk settings.

Hypothetical maximum new borrowing991.78 USDCLimited by: collateral

Liquidity

  • Reserve contribution from fee200.00 USDC
  • Cash after contribution50,200.00 USDC
  • Cash above floor40,200.00 USDC
  • Lending floorAt or above floor

Whether withdrawals would wait depends on how much is requested versus cash on hand, which this calculator does not model.

Debt cap

  • Remaining under cap (incl. interest)39,991.78 USDC

Collateral health

  • Collateral after shock4,000.00 USDC
  • Accrued interest over horizon8.22 USDC
  • Debt including interest1,008.22 USDC
  • Health (threshold × collateral ÷ debt)2.976
  • Room under origination LTV991.78 USDC

Loss-adjusted reserve (model)

  • Gross contractual debt owed20,008.22 USDC
  • Estimated bad debt on this borrower0.00 USDC
  • Modelled recoverable receivables20,008.22 USDC
  • Cash plus recoverable receivables70,208.22 USDC

Assumes other borrowers repay in full. Excludes liquidation and execution costs and any liabilities. Collateral only offsets the debt it secures and is never added on top. This is not a real net asset value or a solvency audit.

What you would be taking on

  • Credit risk. If collateral falls faster than it can be sold, contributors share the loss.
  • Redemption queues. Cash that is lent out cannot be withdrawn until loans repay, so exits may wait in a queue.
  • Explicit allocation only. Only the reserve share of realised fees you set would ever be used. Reserve starts at 0%.
  • Excluded by design. Your LP principal and your agent’s gas reserve are never part of this.
  • Variable rates. Interest can change. A proposed maximum entry rate is not a promise to cap future rates.
Build status
  • This stage Research interface and draft policies
  • This stage Transaction-backed fee-claim receipts (claim_fee2 only)
  • This stage Custody prototype source (build, IDL and deployment unverified)
  • To follow On-chain debt accounting and lending
  • To follow Independent oracle integration
  • To follow Keeper and liquidation operations
  • To follow Devnet lifecycle tests
  • To follow Independent security review