Trove Manager

Core contract managing collateralized debt positions (troves).

Address (Sepolia): 0x90CCA7d8B6cAb91d53e384E3c0cD3Ba34b7B8Cc2

Overview

The TroveManager handles the lifecycle of lending positions. Users deposit collateral to open a trove, mint ALUD stablecoin against it, and must maintain a minimum 110% collateral ratio to avoid liquidation.

Collateral Ratios

Threshold	Ratio	Status
Minimum	110%	Liquidation
Warning	120%	Critical
Caution	150%	At risk
Safe	150%+	Recommended
Very safe	200%+	Conservative

Health Factor = Collateral Ratio / 110

User Functions

Function	Description
openTrove(collateral, amount, alud)	Create new position
closeTrove(collateral)	Close position, return collateral
addCollateral(collateral, amount)	Increase collateral in existing trove
removeCollateral(collateral, amount)	Decrease collateral (ratio must stay >110%)
mintALUD(collateral, amount)	Borrow more ALUD against existing trove
repayALUD(collateral, amount)	Repay debt to improve ratio

Liquidation

When a trove's collateral ratio drops below 110%:

1. Liquidator calls liquidate(troveOwner, collateral)

2. Stability Pool's ALUD absorbs the trove's debt

3. Stability Pool depositors receive the trove's collateral (at discount)

4. Trove is closed

Read Functions (via AluriaLens)

Function	Returns
getSystemStats()	Total supply, TVL, stability pool size
getAllUserTroves(owner)	Array of trove details per collateral
getCollateralStats(token)	Price, total collateral, total debt

Events

Event	Emitted When
TroveOpened(owner, collateral, debt)	New trove created
TroveClosed(owner, collateral)	Trove fully repaid
CollateralAdded(owner, token, amount)	More collateral deposited
ALUDMinted(owner, amount)	Additional ALUD borrowed
Liquidation(owner, collateral, debt)	Position liquidated