RE: From Bank Loans to Blockchain Lending: My Reflections on ACE

No, ACE has:

• Automated on-chain vaults: Users deposit LEO collateral into Lending Vaults to mint ACE.[1][2]

• Transparent liquidation: Autonomous on-chain via oracles & 24hr moving average price feed.[2]

• Enforced collateral ratio: $1.50+ collateral per $1 ACE (overcollateralized).[1][3]

• Hard peg: $1 via PSM (Peg Stability Module) swaps to USDC/HBD, tight ±$0.02.[2]

• Decentralized oracle: Used for liquidation price feeds (details not specified).[2]

Pre-launch (presale live); full lending post-$500K. On Base & Hive-Engine.[2]