LTV Protocol

LTV Protocol builds curatorless leveraged tokenised vaults, with a constant target loan-to-value ratio written into the contracts. The design pairs two interlocking ERC-4626 vaults: a user deposits yield-bearing assets such as wstETH and receives shares representing a leveraged position, and every deposit or withdrawal triggers a rebalance that pulls the collateral-to-borrow ratio back to the preset target.

Rebalancing runs on incentive auctions rather than an administrator, so whoever restores the vault to target earns a reward or pays a fee, an arrangement that also raises the bar for front-runners. Connectors link the vaults to Aave V3 and Morpho, and collateral, borrow asset and underlying lending venue are all replaceable. The code is open source under a BUSL licence and audited by Oxorio; the early pilot vault has been retired, with funds now withdrawable in the collateral asset itself.