Every loan gets its own account
Settlement opens a separate account, a pod, for each loan. Your collateral and debt live there rather than in a shared borrower pool, so a stressed position elsewhere has nothing of yours to reach.Settlement is atomic
Opening a position happens in one flow. If that flow cannot complete, it fails rather than leaving a broken half-open loan.The solver posts capital
A solver stands behind the terms it quoted, with a bond that absorbs ordinary movement in venue borrowing costs before it reaches you. See What backs your fixed rate.The code has been reviewed independently
IRIS completed an independent security review with Hexens in July 2026, covering the IRIS core protocol code. Hexens reported no major severity vulnerabilities. The remaining issues were fixed or acknowledged by the development team and verified in the final report. Read the Hexens security review reportWhat is still yours to watch
- Collateral price moves and the venue’s liquidation rules
- Your maturity date and grace period
- The rare case where solver backing fails