Hentsch Vault
Back to homeHistory

Archives

The evolution of the platform's main rules since its launch, in chronological order.

  1. Since the beginning

    Non-retroactivity of changes in terms

    A change to the credit ratio, rate or threshold never applies to a position already locked in: it keeps the terms granted to it at creation, until it's repaid or matures. This principle has never changed since the platform launched.

  2. Step 1

    Initial credit ratio

    75% of the amount pledged.

  3. Step 2

    First ratio increase

    75% → 150% of the amount pledged, for new lock-ins.

  4. Step 3

    Second ratio increase

    150% → 200% of the amount pledged, for new lock-ins.

  5. Step 4 (current value)

    Credit ratio in effect

    200% → 350% of the amount pledged, for new lock-ins.

  6. Step 5

    Extension of accepted collateral assets

    Addition of ETH and SHIB, then tokenized silver (KAG), alongside stablecoins.

  7. Step 6

    Extension to industrial metals and commodities

    Addition of platinum (XPT), palladium (XPD), copper (XCU) and synthetic oil (WTI), as part of the RWA strategy.

  8. Step 7

    Automatic repayment via collateral yield

    Introduction of automatic repayment through the real appreciation of the collateral, capped at 60% of the credit issued; the rest remains the client's responsibility.

  9. Step 8

    Indicative yield target on industrial RWA assets

    Addition of an indicative target of 8 to 14% annualised on platinum, palladium, copper and synthetic oil only. This target remains indicative: it is neither guaranteed nor used in the calculation of the credit granted.

  10. Step 9

    Introduction of the liquidation mechanism

    Introduction of an alert threshold (30% depreciation of the collateral since it was deposited) and a liquidation threshold (50%). Details are on the Yield page and in the terms and conditions, section 7.

  11. Step 10

    Move to an automatically calculated estimated yield

    The client credit simulators now calculate the estimated yield, the monthly payment and the first repayment date from real performance over the past 12 months, rather than asking the client to enter an estimate.

The currently applicable values (ratio, rates, fees, yield cap, liquidation thresholds) are detailed with their exact figures on the Pricing page. This archives page only traces the history of changes, not the terms applicable to your current position.

Last updated: 24 septembre 2026