Spout Finance Documentation
Spout Finance documentation: how borrowing, lending, and the covered-call engine work.
OVERVIEW
- Introduction
- Why Borrowing Against Stocks Has Always Been Expensive
- What Spout Does, in One Sentence Per Side
- Who This Is For
GETTING STARTED
BORROWING
- How Borrowing Works
- The Health Factor
- Liquidation
- Liquidation: A Worked Example
- Option Assignment
- How the Cycle Behaves Between Entry and Expiry
LENDING
- How Lending Works
- Lending Tranches
- Weekly Settlement Flow
- Distribution
- Withdrawals & Exit Mechanics
- Stablecoin Choice
THE YIELD ENGINE
- Covered Calls, in Plain English
- Where the Premium Comes From
- Why Pool-Level Execution
- Strike Selection Philosophy
- Tuned Per Asset
- Discipline Over Cleverness
RISK MANAGEMENT
- The Loss Waterfall
- Insurance Fund: How It Works
- Circuit Breakers
- Asset-Level Diversification
- Scenarios
- What Borrowers Should Know
- What Lenders Should Know