Borrow against your node.
Keep the hardware.
Your collateral is the reward stream, never the box. A liquidation redirects your yield for a bounded time and then hands it back — because nobody can repossess a node sitting on your shelf.
of already-discounted value
threshold on collateral
beyond this counts as zero
applied to projections
Escrow a node
Hand your node to the vault. It keeps earning the whole time, and the hardware never moves.
Borrow against it
Projected rewards are bounded to 90 days and haircut to 70%. Borrow up to half of what remains.
Repay, or don't
Fall below the threshold and a liquidator takes your yield for a while. Your node comes back either way.
A liquidation redirects your yield.
It never takes your node.
Nobody can repossess a box sitting on your shelf, so the design doesn't pretend otherwise. Fall below the health threshold and a liquidator claims a bounded slice of future rewards — the hardware, and eventually the yield, come back to you either way.