AAPL
$328.80Apple Inc.
Market
Oracle
Risk parameters
Targets under review, not live settings. The published risk model does not support the 97% tier — a position at a 98% liquidation threshold is really at 98.49% once the oracle’s permitted deviation is counted, and cannot pay a market-rate liquidation bonus out of its own collateral.
Exit liquidity
A liquidator clears this, with margin left after the exit but not much of it.
A venue is not a market. Concentrated liquidity makes normal-conditions liquidation tractable with modest capital, and stops being a bid the moment price leaves its band — which is when a liquidation needs one.
Verify onchain
A corporate action is in effect on AAPL. Its multiplier is not 1.0, so a raw token balance is no longer a one-to-one claim on the underlying share. The Chainlink feed is named for the Robinhood token rather than the equity and already carries the multiplier, so collateral is valued as balance × price — applying the multiplier again would double-count it.
The issuer can burn or freeze this token. Every Stock Token is a beacon proxy, and all of them share one beacon, so a single upgrade changes them all. The shared implementation exposes adminBurn(address,uint256), which burns from any holder — including a lending protocol — and pause(), which would stop liquidation by making collateral unseizable. These are ordinary powers for a regulated issuer of a tokenized security, and they are a risk POTUSFI cannot engineer away.