Understanding Reports
A guide to reading and interpreting your collateral report.
What's in a Report
Your collateral report is a comprehensive snapshot of your financial position, packaged for lenders. Each report includes your Net Asset Index, confidence-adjusted net worth, risk scores, a full asset breakdown, and — from your second report onward — a changelog showing what changed and a timeline charting your net worth over time.
Think of it as your financial profile, distilled into a single page that lenders can evaluate at a glance.
Net Asset Index
Your NAI is the first thing lenders see. It ranges from A+ (excellent collateral) to D (high risk), and it reflects how trustworthy and stable your portfolio is.
| NAI | What It Signals |
|---|---|
| A+ / A | Strong collateral — high confidence, low risk |
| B+ / B | Solid collateral with some areas for improvement |
| C+ / C | Weaker collateral — lower confidence or higher risk |
| D | Significant concerns — limited data quality or very high risk |
For a full breakdown of how the index is calculated, see the Scoring Methodology.
Key Metrics
Below your NAI, you will find the key numbers that lenders use to evaluate your borrowing capacity.
| Metric | What It Means |
|---|---|
| Confidence-Adjusted Net Worth | Your total net worth after applying haircuts for data uncertainty. Assets with lower confidence are discounted more heavily — this is what lenders treat as your real collateral value. |
| Recommended LTV | The loan-to-value ratio suggested for your NAI. A 70% LTV on $1M adjusted net worth means lenders may offer up to $700K. |
| Max Loan | The maximum loan amount based on your adjusted net worth and recommended LTV. This is a guideline, not a guarantee — individual lenders set their own terms. |
| Portfolio Risk Score | A composite score from 0 to 100 (lower is better) reflecting the overall volatility, illiquidity, and floor gap risk across your assets. |
| Liquidity Score | A score from 0 to 100 (higher is better) indicating how quickly your portfolio could be liquidated at fair value if needed. |
Asset Breakdown
The asset breakdown table lists every asset in your portfolio with its class, reported value, confidence score, and risk label. This is where you can see exactly how each holding contributes to your overall profile.
What to look for: assets with low confidence scores are dragging down your adjusted net worth. Assets with high risk labels are pulling your portfolio risk score up.
Quick wins
Risk Flags
Risk flags highlight areas of concern in your portfolio. They are triggered by specific conditions:
| Flag | Trigger |
|---|---|
| Stale Data | Asset valuations are significantly outdated |
| Low Confidence | One or more assets have confidence scores below 60 |
| High-Risk Assets | Portfolio contains assets with a risk score above 70 |
What Changed
From your second report onward, you will see a changelog section showing exactly what shifted since your last snapshot. This includes assets that were added, removed, or updated, along with value deltas for each change.
The changelog helps both you and lenders track portfolio movement over time. Lenders pay attention to large swings or frequent removals, so keeping your data stable and current works in your favor.
Net Worth Timeline
The timeline chart appears from your second report onward and plots two lines: your total reported net worth and your confidence-adjusted net worth. The gap between the two lines shows how much value is being discounted due to data uncertainty.
A narrowing gap over time means your data quality is improving. A widening gap suggests newer assets are coming in with lower confidence — consider connecting verified sources to close it.
How to Improve Your NAI
Your collateral report is also used for Self-Pledge loans — lenders verify your pledge based on this report.
Actionable steps
- Connect verified sources — bank connections and wallet links score significantly higher in confidence than document uploads or screenshots.
- Keep data fresh — re-upload recent statements or refresh bank connections regularly. Stale data decays your confidence scores over time.
- Review and confirm all pending assets — unconfirmed assets do not receive risk scores, which can leave your NAI incomplete.
- Add more assets — portfolios with 2 or fewer assets cap at B+, and 3-5 assets cap at A. You need 6 or more confirmed assets to reach A+.