Anti Money Laundering Functionality

Anti-money laundering (AML) policies are determined by governance. Minterest functionality allows for compliance with the rapidly evolving AML regulatory environment. Wallets deemed prohibited, where regulatory authorities identify involvement in illicit activity for example, can be prevented from participating in token pools and new wallets matched against a predetermined prohibited list can be blocked from entry.

Extending beyond this, wallets deemed prohibited which are already supplying assets can have forced auto-liquidations enacted resulting in borrow positions being repaid. Any balance of supplied assets and staked MINTY is transferred to the wallet and no liquidation discount applied, with gas costs borne by Minterest.

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