Centrifuge · interactive mechanism simulation

An originator mints an asset NFT (invoice/loan) and locks it into a Tinlake pool → DROP (senior) and TIN (junior, first-loss) investors fund the pool → the originator draws stablecoins and repays over time. Losses hit TIN's price before DROP's. Trigger a borrower default to see the waterfall.
Originator invoices / loans Asset NFT 0 assets minted Tinlake pool 0 DAI reserve DROP (senior) 1.000 price · 0 DAI TIN (junior) 1.000 price · 0 DAI Draw facility stablecoins drawn Borrower repays over time
Assets financed
0
Pool reserve
0 DAI
DROP price
1.000
TIN price (first-loss buffer)
1.000
Parameters — edit me
15%
0.9/s
6.0%
25% of pool
Controls

Illustrative simulation. Models the researched Centrifuge mechanism: originators lock asset NFTs as collateral in a Tinlake pool funded by senior DROP and junior TIN tranches; TIN absorbs losses first (as in the documented ConsolFreight CF4 default), protecting DROP unless losses exceed the buffer. Flows and timing are randomized for visualization, not live onchain data. Part of The Onchain Experiment Atlas.