Collateral Tokens (preCT) 💸
All prePO positions are backed by preCT (prePO Collateral Tokens).
preCT is backed by a basket of yield bearing USD stablecoins (e.g. yearn's yvUSDC).
Positions being backed with preCT means Traders and LPs receive passive yield on all of their prePO assets.
preCT operates entirely in the background and is completely hidden from users. All amounts in the UI are denominated in USD, with preCT earnings displayed simply as 'Interest Earned (USD)'.
Curation of the basket of assets backing preCT is the responsibility of prePO Governance.